GCMAsia - NZDUSD
NZDUSD
2017-05-26
| Resistance and Support | Level | Explanation |
| Resistance | 0.7030 | H1 |
| Support | 0.7000 | H1 |
NZDUSD, H1: NZDUSD remains traded within a narrowing triangle following prior rebound from the bottom level of the triangle. It is expected to advance further up, towards the target of resistance level at 0.7030 in short-term. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 0.7030, 0.7055
Support level: 0.7000, 0.6975