NZDUSD Weekly Analysis (29 June - 3 July, 2015) | June 28, 2015

Nzdusd has been continuing its bearish rally since 10 weeks. So it is clear that this pair is fully on downward pressure. So on this pair, we need to find sell entry from every retrace. We can find sell zone and set pending order on that level, then we can get profit easily on this pair. Near term sell zone lies on 0.6870 area. On 0.6920 area, this pair is facing 200 ema and 200 sma. This level will be good zone for sell.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.6974

Resistance One (R1): 0.6904

Pivot Point: 0.6858

Support One (S1): 0.6788

Support Two (S2): 0.6742