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310518 NZDUSD

by | May 31, 2018 | NZD/USD | 0 comments

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2018-05-31
Resistance and Support Level Explanation
Resistance 0.7000 H1
Support 0.6960 H1

NZDUSD, H1: NZDUSD was traded lower following prior closure below the support level at 0.7000. MACD histogram which illustrate the formation of death cross suggests the pair to extend its losses after closing below the 20-MA line (red) and support level near 0.6960.

 

Resistance level: 0.7000, 0.7010

Support level: 0.6960, 0.6915