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Short

NZD/USD Short term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
76 0 1
NZD/USD             is trading near major support 0.77160 ( median line ) and any break of will take the pair to 0.7660/0.7600. Overall trend is weak as long as resistance 0.7765 (50 day Hourly EMA ) holds.
The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7848 in short term.

CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell NZD/USD             around 0.77160-18, SL 0.7765, Target 0.766/0.7600.
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