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241017 NZDUSD

by | Oct 24, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-24
Resistance and Support Level Explanation
Resistance 0.7000 H1
Support 0.6975 H1

NZDUSD, H1: NZDUSD was traded higher following prior rebound from a bottom near 0.6935. Recent closure above both MA lines while coupled with MACD signal line which skew upwards suggest further upside bias for NZDUSD towards the first target of 0.7000.

 

Resistance level: 0.7000, 0.7055

Support level: 0.6975, 0.6935