GCMAsia - NZDUSD
NZDUSD
2017-07-25
| Resistance and Support | Level | Explanation |
| Resistance | 0.7455 | H1 |
| Support | 0.7420 | H1 |
NZDUSD, H1: NZDUSD remains traded within a tight range while recently rebounded from the support level of 0.7420. Recent closure above the 20-MA (red) suggests NZDUSD to extend its gains towards the target of 0.7455 in short-term. Otherwise, long-term trend direction could only be determined after a successful breakout from either side of the range.
Resistance level: 0.7455, 0.7485
Support level: 0.7420, 0.7385