GCMAsia - NZDUSD
NZDUSD
2018-05-16
| Resistance and Support | Level | Explanation |
| Resistance | 0.6900 | H4 |
| Support | 0.6820 | H4 |
NZDUSD, H4: NZDUSD extended its losses following prior breakout from the support level of 0.6900. However, diminishing downward momentum from the MACD histogram may suggests the pair to be traded higher in short-term as technical correction before extending its main bearish trending.
Resistance level: 0.6900, 0.6970
Support level: 0.6820, 0.6745