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NZDUSD Weekly Technical Analysis (25-29 May,2015) | May 24, 2015



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Nzdusd is continuing its bearish rally last week and broken near term support at 0.7420 area. It can be now good selling zone. We can sell from that area. This pair can fall more in the coming days as this pair is full of bearish momentum. Last daily candle is bearish rejection candle which indicates sell idea on this pair. So we can wait for little retrace and then we can sell on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7525

Resistance One (R1): 0.7417

Pivot Point: 0.7348

Support One (S1): 0.724

Support Two (S2): 0.7171


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