GCMAsia - NZDUSD
NZDUSD
2017-03-22
| Resistance and Support | Level | Explanation |
| Resistance | 0.7040 | H1 |
| Support | 0.7010 | H1 |
NZDUSD, H1: NZDUSD was traded lower following prior retracement from the resistance level of 0.7040. As both moving average line continues to narrow sideways and MACD histogram illustrates downward signal and momentum, NZDUSD is expected to move further downwards and retest at the support level of 0.7010.
Resistance level: 0.7040, 0.7085
Support level: 0.7010, 0.6990