GCMAsia - NZDUSD
NZDUSD
2017-09-27
| Resistance and Support | Level | Explanation |
| Resistance | 0.7245 | H4 |
| Support | 0.7195 | H4 |
NZDUSD, H4: NZDUSD was traded lower following prior retracement while currently testing near the strong support level of 0.7195. However, diminishing downward momentum from MACD suggests the pair to be traded higher in short-term as technical correction. Otherwise, a close below the 0.7195 would suggest and extension of downtrend.
Resistance level: 0.7245, 0.7280
Support level: 0.7195, 0.7130