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160719 NZDUSD

by | Jul 16, 2019 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2019-07-16

NZDUSD, H4: NZDUSD was traded higher following prior breakout above previous resistance level 0.6720. However, MACD which illustrate diminishing bullish momentum suggest the pair to undergo short-term technical correction and traded lower after successfully closing below the support level 0.6720.

 

Resistance level: 0.6770, 0.6880
Support level: 0.6720, 0.6675