NZDUSD Weekly Technical Analysis (13-17 April, 2015) | April 11, 2015

Nzdusd is still staying below resistance area. 0.7600 area is strong resistance area for this pair. On daily chart, this pair is staying below 100 ema. Below this ema, this pair will face bearish power. We can stay on sell side below this ema. 0.7480 is near term support, if it can break this support, then bearish movement can be accelerated. Last week, hanging man was formed 1 week ago. Last week, it was bearish candle. So this is showing bearish signal.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7681

Resistance One (R1): 0.7606

Pivot Point: 0.7545

Support One (S1): 0.747

Support Two (S2): 0.7409