FxWirePro
Short

NZD/USD Short Term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
228 0 2
NZD/USD             has formed descending triangle pattern and any break below 0.7510 will confirm the break out .
On the downside any break below will target 0.7470/0.7420 in short term. Any trend reversal can happen only above 0.7570 and above that it can reach 0.7620/0.7655.

Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell NZD/USD             around 0.7530, SL 0.7570, Targets 0.7471/0.7425 .



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