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311017 NZDUSD

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

GCMAsia - NZDUSD
NZDUSD
NZDUSD
2017-10-31
Resistance and Support Level Explanation
Resistance 0.6875 H1
Support 0.6815 H1

NZDUSD, H1: NZDUSD was traded lower prior its failure to break resistance level at 0.6875. Formation of bearish engulfing candlestick and negative divergence by MACD histogram suggest the pair to extend losses toward the support level at 0.6815.

Resistance level: 0.6875, 0.6935

Support level: 0.6815, 0.6685