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211118 NZDUSD

by | Nov 21, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-11-21
Resistance and Support Level Explanation
Resistance 0.6795 H4
Support 0.6755 H4

NZDUSD, H4: NZDUSD was traded lower following prior breakout below the previous support level 0.6795. MACD which illustrate bearish momentum and the formation of negative divergence suggest the pair to extend its losses towards the support level 0.6755.

 

Resistance level: 0.6795, 0.6845

Support level: 0.6755, 0.6710