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

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

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

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

3^rd – 0.6950 (mild support)

Resistance  

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

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

3^rd – 0.7070-80 (March resistance) 

4^th – 0.71 (big round number)

EUR/CHF

Support

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

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

3^rd – 1.0670 (mild support)

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

Resistance

1^st – 1.0720 (mild resistance)

2^nd – 1.0730-35 (mild)

3^rd – 1.0745-50 (solid resistance)