NZDUSD Weekly Technical Outlook (16-20 March, 2015) | March 15, 2015

Nzdusd has rejected from 100 EMA on h4 time frame at 0.7430 level. This pair tried to break that level but it can not break this resistance level. It formed a pin bar on that level on h4 time frame. After that pin bar, this is falling. Now it is staying on support area at 0.7310. On the other hand, this pair has made double bottom at 0.7190 area. On that bottom, a pin bar has been formed also. So we need to be careful about sell entry. If this pair holds that bottom, then we can see bullish movement on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7572

Resistance One (R1): 0.7454

Pivot Point: 0.7321

Support One (S1): 0.7203

Support Two (S2): 0.7070