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NZDUSD Weekly Technical Analysis | December 28, 2014



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NZDUSD again failed to break its support level. 0.7700 area is still acting as strong support. Below this support we can go for sell for long term. Long term target will be 0.7400 area. This pair is still on ranging zone. It is covered by a triangle. So with the breakout of this triangle we can take entry on the side of breakout.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.7813

Resistance One (R1): 0.7786

Pivot Point: 0.7741

Support One (S1): 0.7714

Support Two (S2): 0.7669


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