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NZDUSD Weekly Technical Outlook (2-6 March, 2015) | March 1, 2015
Nzdusd has rejected from its resistance level. 0.7600 area is resistance area for this pair. It has declined from that level. On daily chart, we can see rejection pin bar on this level. So it is giving sell signal on this pair. If we find any bearish candle on H4 time frame, then we can take sell entry and target will be 0.7450 area. This pair is still below 100 EMA on daily chart. So it is still downtrend. So we should look for sell entry on nzdusd.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7722
Resistance One (R1): 0.7640
Pivot Point: 0.7530
Support One (S1): 0.7448
Support Two (S2): 0.7338
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