NZDUSD Weekly Analysis (30 March-3 April, 2015) | March 29, 2015

NZDUSD faced resistance near to 0.7700 area. From that level, this pair has started down rally again. In h4 time frame, we can see that there are some rejection candle on that level and then it fell rapidly. This rejection candles indicates down pressure on this pair. On daily, spinning top was formed and then bearish daily candle has been formed which also gives sell idea on this pair. Weekly chart also giving sell signal because a weekly rejection pin bar has been formed. So we should stay on sell side on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7755

Resistance One (R1): 0.7661

Pivot Point: 0.7601

Support One (S1): 0.7507

Support Two (S2): 0.7447