NZDUSD Weekly Technical Analysis 11-15 January, 2016 | January 9, 2016

After rejecting from 0.6900 level, this pair has started bearish rally again. Now this pair is looking for another low. All the daily candles of previous week were bearish. So this pair has great chance to fall again. Next target can be 0.6500 level.


0.6500 level can be good support for this pair. We can set take profit on that level. There is horizontal support level on 0.6500 level. So we can look for buy from that level. Before taking buy entry from that support level, we have to get buy confirmation from that level. We need price action candle confirmation from that support for long entry.