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NZDUSD Technical Analysis (16-20 February,2015) | February 14, 2015
Nzdusd is near to key resistance zone. This pair is now on critical level. 0.7470-0.7490 level is very acting as key resistance area for nzdusd. Next movement of this pair will depend on this level. If it can break this level, then we can see more bullish movement on this pair. If this pair holds this resistance in the next week, then we can see bearish rally again. We can see this pair at 0.7200 area again. So our recommendation is to stay on downside below this key resistance area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7586
Resistance One (R1): 0.7518
Pivot Point: 0.7415
Support One (S1): 0.7347
Support Two (S2): 0.7244
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