NZDUSD Weekly Technical Analysis (11-15 May,2015) | May 9, 2015

Nzdusd has reached its support zone 0.7420 as we expected in our previous analysis. Now this support area will be critical for this pair. If it can hold this support, then we can see some bullish movement on this pair. Then we need to buy on nzdusd and target will be 0.7600 area. On the other hand, 0.7530 area is near term resistance area, we can look for sell entry from that level. If we find bearish candle on that area, then we need to sell and target 0.7420 area.


Signal Service: Premium Membership (Signal Subscription), real time update, opening and closing notifications via twitter, email and whatsApp, daily market update with chart analysis, free profitable forex strategy. For premium membership subscription click here

For free forex signals, click here



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7651

Resistance One (R1): 0.757

Pivot Point: 0.7495

Support One (S1): 0.7414

Support Two (S2): 0.7339