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Short

NZD/USD Short term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
176 0 2
NZD/USD             has broken short term support around 0.7315 (Mar 15th Low) and any decline till 0.7175 cannot be ruled out .

On the upside minor resistance is around 0.7320 and any break above could pave way for 0.7350/0.7380.

The break of 0.7315 will drag the pair down till 0.7250/0.7180.

Indicators (1 hour chart)

CCI (50) – Sell

CCI (14) – Sell

Ichimoku-Sell

Recommendation: Sell NZD/USD             around 0.7300, SL 0.7325, Target 0.7180.



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