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310517 NZDUSD

by | May 31, 2017 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-05-31
Resistance and Support Level Explanation
Resistance 0.7100 H1
Support 0.7075 H1

NZDUSD, H1: NZDUSD remained traded within an upward channel following prior retracement from the resistance level of 0.7100. Recent closure below the 20-moving average line suggests NZDUSD to advance further down, towards the target of support level at 0.7075.

 

Resistance level: 0.7100, 0.7120

Support level: 0.7075, 0.7055