FxWirePro
Long

NZD/USD Short Term Outlook

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
165 0 2
NZD/USD             has recovered from low of 0.71616 till 0.7320 after RBNZ said it is expecting to leave interest rates on hold for considerable time.

RBNZ governor Wheeler added that he was pleased with current NZD/USD             level. So slight jump till 0.7380/0.740 in NZD/USD             cannot be ruled out.

On the downside the pair’s minor support is around 0.7260 and any break below will take the pair till
0.7198/0.7165.

The minor resistance is around 0.7350 and above could pave way for 0.7380/0.7410.

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

Recommendation: Buy NZD/USD             around 0.7305, SL 0.7259, Targets 0.7380/0.7405.
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