NZDUSD Weekly Technical Analysis (22-26 June, 2015) | June 20, 2015

Nzdusd is staying below 0.7000 level. There was ranging move on last week. It seems that this pair has found support at 0.6880 area. Its bearish momentum becomes weaker. So it can take some retrace. So we can wait for breakout of down trendline on h4 time frame drawn on the chart. After breakout we can target 0.7000 area. On the other hand, if it can break 0.6880 level, then bearish rally can be continued.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7065

Resistance One (R1): 0.6986

Pivot Point: 0.6933

Support One (S1): 0.6854

Support Two (S2): 0.6801