NZDUSD Weekly Technical Outlook | December 20, 2014

NZDUSD is still on raning zone. This pair is staying above critical support. 0.7700 area is key point for this pair. On daily chart, we can see on MACD, this pair loss its bearish momentum. MACD is moving up and this is the sign of bullish divergence. So we can see reversal rally from this support if there ouccurs any bullish confirmation.

We can buy from this critical support with little stop loss when we will see any bullish confirmation on this support. For buy entry, target will be .7800 and then 0.7860.
On the other side, if break this support, we can take sell and target will be 0.7500.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.7926

Resistance One (R1): 0.7834

Pivot Point: 0.7758

Support One (S1): 0.7666

Support Two (S2): 0.7590