We prefer to go short in NZD/USD
NZD/USD has retreated slightly after making high of 0.7847 low of 0.7713 and overall trend is bearish as long as 0.7855 holds.
The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7855 in short term.
On the downside minor support is around 0.7700 and any break below will take the pair to 0.7660/0.7609.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell NZD/USD around 0.7785, SL 0.7855, Target 0.7609.
The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7855 in short term.
On the downside minor support is around 0.7700 and any break below will take the pair to 0.7660/0.7609.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell NZD/USD around 0.7785, SL 0.7855, Target 0.7609.