- NZD/USD has broken major support 0.7315 and this confirms short term bearishness, a decline till 0.7165 is possible.
- Technically Kiwi is facing resistance around 0.7350 in intraday and any break above will take the pair till 0.7405/0.7455.
- The pair’s minor support is around 0.7280 and any break below will drag the pair further down till 0.7200/0.7170.
We prefer to sell on rallies around 0.7330 for the target of 0.7180 with stop around 0.7380.
The material has been provided by InstaForex Company – www.instaforex.com