NZDUSD Technical Analysis (23-27 February,2015) | February 21, 2015

Nzdusd is staying above previous resistance area at 0.7500. This level is now acting as potential support level for this pair. If this pair stay above this support, we can take buy entry. 0.7570 level is near-termed resistance. So if break this resistance we can take buy position. On the other hand, if it break this potential support, then we can expect down rally again. 0.7450 level will be support for this pair. For down confirmation we can wait for break 0.7450 support level also. After breakout of this support we can target 0.7300 level. As this pair is still on downtrend, we can stay on downside on nzdusd.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7622

Resistance One (R1): 0.7569

Pivot Point: 0.7519

Support One (S1): 0.7466

Support Two (S2): 0.7416