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GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-17
Resistance and Support Level Explanation
Resistance 0.7185 H4
Support 0.7145 H4

NZDUSD, H4: NZDUSD extended its gains following prior formation of golden cross while currently testing near the resistance level of 0.7185. Both MA lines which continues to expand upwards suggest bullish bias for the pair and it is expected to move further upwards after breaking the target of 0.7185.

 

Resistance level: 0.7185, 0.7230

Support level: 0.7145, 0.7100