NZD/USD Daily Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
166 0 1
NZD/USD             has formed temporary top around 0.7450 and declined from that level.

On the downside major intraday support is around 0.7330 and break below will target 0.7175.

The pair’s minor resistance around 0.740 and indicative break above would extend gains to 0.7450.

Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell NZD/USD             around 0.7350, SL 0.7401, Target 0.7180.
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