NZDUSD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Nzdusd fell from resistance last week. Now it is still staying below the resistance. After forming pin bar on resistance, this pair fell rapidly from that level. Due to the weakness of NZD, this pair is facing bearish pressure. On daily chart, this pair is still below 100 ema. If this pair holds this ema, then we can bearish movement on it. We can sell on this pair if it goes to its resistance area. 0.7700 area is still a good zone for sell.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7819

Resistance One (R1): 0.7704

Pivot Point: 0.7619

Support One (S1): 0.7504

Support Two (S2): 0.7419