NZDUSD, H4: NZDUSD was traded lower following a retrace from the resistance level of 0.7040 while currently testing near the strong support level of 0.7000. With regards to the MACD histogram which illustrate downward signal and momentum, a closure below the level of 0.7000 would suggest NZDUSD to extend its downward momentum.
Resistance level: 0.7040, 0.7070
Support level: 0.7000, 0.6965