GCMAsia - NZDUSD
NZDUSD
2017-03-31
| Resistance and Support | Level | Explanation |
| Resistance | 0.7025 | H4 |
| Support | 0.7000 | H4 |
NZDUSD, H4: NZDUSD was traded lower following prior retracement from the 20-moving average line (red) while currently testing at the strong support level of 0.7000. As both MA line continues to expand downwards after the formation of death cross, a successful closure below the level of 0.7000 would suggest NZDUSD to move further downwards.
Resistance level: 0.7025, 0.7060
Support level: 0.7000, 0.6955