Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7864
Kijun-Sen level: 0.7855
Ichimoku cloud top: 0.7871
Ichimoku cloud bottom: 0.7843
NZD/USD made a high of 0.7927 and has slightly retreated from that level. Intraday trend is bullish as long as intraday support 0.7860 holds. Short term trend reversal only below 0.7860.
The pair’s minor resistance is around 0.7930. On the upper side above 0.7930 it can reach 0.7950/0.7980. The pair’s minor support is around 0.7860 and any break below will target 0.7805/0.7765.
Indicators
Ichimoku (9, 26, 52, 26)- Buy
MACD (12.26.9) - Buy
Recommendation: Buy NZD/USD around 0.7890, SL 0.7860, Target 0.7975.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7864
Kijun-Sen level: 0.7855
Ichimoku cloud top: 0.7871
Ichimoku cloud bottom: 0.7843
NZD/USD made a high of 0.7927 and has slightly retreated from that level. Intraday trend is bullish as long as intraday support 0.7860 holds. Short term trend reversal only below 0.7860.
The pair’s minor resistance is around 0.7930. On the upper side above 0.7930 it can reach 0.7950/0.7980. The pair’s minor support is around 0.7860 and any break below will target 0.7805/0.7765.
Indicators
Ichimoku (9, 26, 52, 26)- Buy
MACD (12.26.9) - Buy
Recommendation: Buy NZD/USD around 0.7890, SL 0.7860, Target 0.7975.