NZDUSD Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

Nzdusd had made new low after breaking support level. The weakness of this pair can be continued in the coming days. We can look for selling opportunities on this pair. We can wait for retest of the trendline. Then we can go for sell on nzdusd. There is great chance for more weakness on this pair. But it is better to sell from retrace. Sell zone lies on 0.7200 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7411

Resistance One (R1): 0.7259

Pivot Point: 0.717

Support One (S1): 0.7018

Support Two (S2): 0.6929