GCMAsia - NZDUSD
NZDUSD
2017-03-24
| Resistance and Support | Level | Explanation |
| Resistance | 0.7010 | H1 |
| Support | 0.6990 | H1 |
NZDUSD, H1: NZDUSD was traded lower following prior retracement near the 20-moving average line (red) while recently closed below the support level of 0.7010. As both moving average line continues to expand downwards after the formation of death cross, NZDUSD is expected to move further downwards towards the target of support level at 0.6990.
Resistance level: 0.7010, 0.7030
Support level: 0.6990, 0.6965