NZDUSD Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

Nzdusd has made another new low. It is continuing its down rally. We can see downward wedge pattern on this pair. So we can look for sell from the downward trend line. This pair is still on down pressure. So we should stay on sell side on this pair. Next support zone lies on 0.6600 area. For sell, we can take confirmation from h4 time frame.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.6964

Resistance One (R1): 0.6821

Pivot Point: 0.6737

Support One (S1): 0.6594

Support Two (S2): 0.651