NZDUSD Weekly Technical Analysis (20-24 April, 2015) | April 18, 2015

Nzdusd is staying on resistance area. This pair failed to break its resistance area last week. On daily chart, we can see a pin bar formed on resistance at 0.7700 area. Next daily candle will be important for this pair. If we can find bearish candle on next daily candle, then we can go for sell on this pair. This pair is staying on good sell zone area. Sellers can take control again if this pair respect this pin bar. We need to look for confirmation for taking sell entry on nzdusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7931

Resistance One (R1): 0.7805

Pivot Point: 0.7612

Support One (S1): 0.7486

Support Two (S2): 0.7293