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.
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.