NZDUSD Weekly Technical Analysis (18-22 May,2015) | May 16, 2015

Nzdusd is now indecision mode on weekly chart. So next weekly candle will be important for next movement on this pair. On daily chart, this pair formed pin bar and then started falling. Now it is facing little support at 0.7420 area. On that level it has made bullish engulfing on H4 time frame. So we can see some bullish movement on this pair. Near term resistance lies on 0.7550 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7695

Resistance One (R1): 0.7583

Pivot Point: 0.745

Support One (S1): 0.7338

Support Two (S2): 0.7205