NZD/USD Short Term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
172 0
NZD/USD jumped slightly above 0.7433(200 day 4HMA) and declined from that level. Overall trend is bearish as long as resistance 0.7435 holds.

On the upside any break above 0.7435 could pave way for next target around 0.7450/0.7480. The pair’s minor support is around 0.7345 and any break below will target 0.7300/0.72870 in short term.

Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Buy

Recommendation: Sell NZD/USD around 0.7380, SL 0.7435, Target 0.7280.
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