NZDUSD Weekly Technical Analysis (6-10 April, 2015) | April 4, 2015

Nzdusd touched 100 ema on daily chart. This is is staying below important resistance level. This level can be strong for this pair. If it can be able to break this area, then bullish rally can be confirmed on nzdusd. We can a pin bar daily candle on 1 april. After that pin bar this pair started bullish rally. On weekly chart, a pin bar also formed which indicates its bullish power. So this pair can get enough chance to break this resistance. We can wait for clear breakout of this resistance. Near term resistance 0.7610 and then 0.7700 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.7773

Resistance One (R1): 0.768

Pivot Point: 0.7534

Support One (S1): 0.7441

Support Two (S2): 0.7295