NZDUSD Technical Analysis (12-16 January 2015) | January 10, 2015

NZDUSD pulled back from support area. It failed to break 0.7610-0.7620 area. It got back bullish power from that support. So for short term, this pair is now on bullish bias. If this pair holds this bullish momemtum, this pair can test 0.8000 area again

This pair is now facing resistance on down trendline. 0.7840-0.7860 area is acting as good resistance zone. If we see any rejection or bearish candle on this level, then we can go for sell. For sell entry, target will be 0.7700 and then 0.7630 level.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.7997

Resistance One (R1): 0.7914

Pivot Point: 0.7765

Support One (S1): 0.7682

Support Two (S2): 0.7533