GCMAsia - NZDUSD
NZDUSD
2017-03-23
| Resistance and Support | Level | Explanation |
| Resistance | 0.7065 | H4 |
| Support | 0.7025 | H4 |
NZDUSD, H4: NZDUSD was tightly traded within the range of 0.7025 and 0.7065 while currently testing near the 20-moving average line (red). A closure above this line would suggest NZDUSD to advance further up and retest near the resistance level of 0.7065. Long-term trend direction could only be determined after a successful breakout from either side of the range.
Resistance level: 0.7065, 0.7025
Support level: 0.7025, 0.6970