- NZD/USD has broken short term resistance 0.7495 (trend line joining 0.74491 and 0.7484) and it is currently trading at 0.7550. Short term trend is bullish as long as 0.7495 (resistance turned into support).
- On the upside minor resistance is around 0.7570 and any indicative break above will target 0.7595/0.7620.
- On the downside minor support is around 0.7495 (Resistance turned into support) break below 0.7495 will take the pair down till 0.7440/0.7400.
Indicators (4 hour chart)
CCI (50) - Buy | CCI (14) - Buy | Ichimoku- Buy
Recommendation: Buy NZD/USD around 0.7520, SL 0.7495, Target 0.7595/00.7615.
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