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200417 NZDUSD

by | Apr 20, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-04-20
Resistance and Support Level Explanation
Resistance 0.7042 H1
Support 0.7020 H1

NZDUSD, H1: NZDUSD remains traded within a sideways channel while currently testing at the top level of the channel. A breakout from this level would signal a change in trend direction to move further upwards. Otherwise, a retrace from this level would suggest NZDUSD to be traded lower in short-term within the sideways channel.

 

Resistance level: 0.7042, 0.7055

Support level: 0.7020, 0.7000, 0.6985