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250518 NZDUSD

by | May 25, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-05-25
Resistance and Support Level Explanation
Resistance 0.6930 H1
Support 0.6920 H1

NZDUSD, H1: NZDUSD remains traded within a mini ascending triangle following prior retracement from the top level. Diminishing upward momentum from the MACD histogram suggests some bearish bias. Thus, a successful breakout from the bottom level would further clarify such bias.

 

Resistance level: 0.6930, 0.6955

Support level: 0.6920, 0.6905