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NZDUSD Weekly Technical Analysis | December 6, 2014



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NZDUSD is now again in its very strong support. Since three months, this pair is ranging among 0.7700 and 0.8000 level. So traders are looking for breakout for further down rally. 0.7670-0.7700 level is key point at this moment. If this pair is able to break this level, this we can see sharp falling and target will be 0.7450. This pair is now strong bearish momentum. Sell zone for this pair is 0.7760 level.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.7982

Resistance One (R1): 0.7842

Pivot Point: 0.7770

Support One (S1): 0.7630

Support Two (S2): 0.7558


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