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Long

NZD/USD Short term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
121 1 1
NZD/USD             has made a high of 0.7739 and slightly retreated from that level. Overall trend is bullish and is expected to reach till 0.7760 ( trend line joining 0.7612 and 0.7696)/0.7800 .

On the downside trend reversal can happen only below 0.7640. Below 0.7640 it can reach till 0.7570/0.7500.

Indicator (4 hour)

Woodies CCI (14) – Buy

CCI (50) – Buy

Ichimoku-Buy

It is good to buy at dips around 0.7700 for the target of 0.7760/0.7795. with stop around 0.7640.

short
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