NZD/USD Short Term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
119 0 0
NZD/USD             has broken the short term resistance 0.7370 (200 day HMA ) after release of better than expected employment report and less dovish speech by RBNZ governor Wheeler.

The pair’s minor resistance is around 0.7450 and any break of will take the pair to 0.74950/0.7535 in short term.

On the downside minor support is around 0.7395 and break of will target 0.7360 (200 day HMA )/0.7280.

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

Recommendation: Buy NZD/USD             around 0.7420, SL 0.7375, Target 0.7495.
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