GCMAsia - NZDUSD
NZDUSD
2017-06-16
| Resistance and Support | Level | Explanation |
| Resistance | 0.7225 | H4 |
| Support | 0.7165 | H4 |
NZDUSD, H4: NZDUSD was traded lower following prior retracement from the resistance level of 0.7225 while currently testing in between both MA lines. As the MACD indicator remained hovered outside of upward momentum, a closure below the 60-moving average line (green) would suggest NZDUSD to extend its losses towards the target of 0.7165.
Resistance level: 0.7225, 0.7315
Support level: 0.7165, 0.7110