GCMAsia - NZDUSD
NZDUSD
2018-05-17
| Resistance and Support | Level | Explanation |
| Resistance | 0.6970 | H4 |
| Support | 0.6900 | H4 |
NZDUSD, H4: NZDUSD was traded higher following prior rebound and closure above the resistance of 0.6900. MACD histogram which illustrate upward signal suggests further bullish bias. However, a close above the 20-MA line (red) is required to attain further validation. Otherwise, long-term trend direction still skews towards bearish.
Resistance level: 0.6970, 0.7045
Support level: 0.6900, 0.6820