Support & Resistance Levels – NZD/USD & EUR/CHF - Forex News by FX Leaders

Support & Resistance Levels – NZD/USD & EUR/CHF

Posted Thursday, March 30, 2017 by
Skerdian Meta • 1 min read

We have yet to take a look at the support and resistance levels this week, so let´s do that now. Let´s start with NZD/USD and EUR/CHF since we have two open signals there.

NZD/USD

Support

1st – 0.70 (big round number & mild support)

2nd – 0.6990 (strong support & 100 SMA on H4 chart)

3rd – 0.6950 (mild support)

Resistance

1st – 0.7025-30 (moving averages on H1 chart)

2nd – 0.7040-50 (the high on Tuesday and Wednesday)

3rd – 0.7070-80 (March resistance)

4th – 0.71 (big round number)

EUR/CHF

Support

1st – 1.07 (big round number & mild support)

2nd – 1.0680 (strong/massive support level & 50 SMA on H4 chart)

3rd – 1.0670 (mild support)

4th – 1.0630 (strong support & the low since Brexit vote)

Resistance

1st – 1.0720 (mild resistance)

2nd – 1.0730-35 (mild)

3rd – 1.0745-50 (solid resistance)

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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