NZDUSD Weekly Technical Analysis (4-8 May, 2015) | May 2, 2015

Nzdusd has pulled back from resistance level at 0.7741 area. With the help of weak fundamental data on NZD, this pair is falling from that resistance. If we draw a fibo with recent uptrend rally, then we can see that 61.8% fibo is staying at 0.7400. So it can be target if we take any sell entry. We can close our sell on that level and wait for buy entry from that support area. If we find any bullish candle on that area, then we can go for buy on nzdusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7835

Resistance One (R1): 0.7689

Pivot Point: 0.7595

Support One (S1): 0.7449

Support Two (S2): 0.7355