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201017 NZDUSD

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

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-20
Resistance and Support Level Explanation
Resistance 0.7055 H4
Support 0.7000 H4

NZDUSD, H4: NZDUSD plunged sharply following prior retrace and closure below the 60-MA line (green). Both MA lines which continues to narrow downwards suggests further bearish bias and a closure below the psychological level of 0.7000 would suggest the pair to extend its losses thereafter.

 

Resistance level: 0.7055, 0.7100

Support level: 0.7000, 0.6975