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280218 NZDUSD

by | Feb 28, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-02-28
Resistance and Support Level Explanation
Resistance 0.7255 H1
Support 0.7230 H1

NZDUSD, H1: NZDUSD extended its losses following prior closure below the strong support level at 0.7275. However, MACD histogram which illustrate diminishing downward momentum may suggest the pair to be traded higher in short-term as technical correction before extending its major bearish bias.

 

Resistance level: 0.7255, 0.7275

Support level: 0.7230, 0.7205