NZD/USD Short term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
369 1 5
NZD/USD             has made a high of 0.78338 and is slightly retreating from that level. Overall trend is weak as long resistance 0.7870 holds.
On the upside break above 0.7870 will take the pair to 0.7925/0.7948 in short term.
The pair minor support is around 0.7800 and any break below will target 0.7740/0.7690.

Recommendation: Sell NZD/USD             around 0.7815-20, SL 0.7871, Target 0.7745/0.7690
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