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GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-06-19
Resistance and Support Level Explanation
Resistance 0.7310 Daily
Support 0.7255 Daily

NZDUSD, Daily: NZDUSD extended its gains after closing above the 78.6 Fibonacci level at 0.7255. As both moving average line continues to expand upwards after the formation of golden cross, NZDUSD is expected to advance further up towards the target of resistance level at 0.7310.

 

Resistance level: 0.7310, 0.7375

Support level: 0.7255, 0.7160