NZDUSD Technical Analysis (9-13 February,2015) | February 8, 2015

NZDUSD has rejected from trendline resistance. Now it is now facing support at 0.7336 level. If it can break this support, we can expect more down on this pair. Next target will be 0.7200 area. After NFP news released, we saw rapid falling on this pair. So this is good sign for sellers. This pair has got bearish power. So we can sell on this pair.


In Technical Indicators view

In daily chart, MACD indicator is below 0.0 level which indicates it downtrend.

In daily chart, RSI indicator is also below 50 level which is giving sell signal

50, 100 and 200 Moving averages are giving sell signal on nzdusd pair.

In summery, this pair is still on down pressure which is confirmed by technical indicators. So our recommendation is to stay on downside on nzdusd pair.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7598

Resistance One (R1): 0.7477

Pivot Point: 0.7326

Support One (S1): 0.7205

Support Two (S2): 0.7054