- NZD/USD has formed a triple top around 0.7610 and is retreating from that level. Overall trend is weak as long as resistance 0.7630 holds.
- On the downside minor support is around 0.7520 and any break below will drag the pair further down till 0.7480.
- Intraday bearish invalidation only above -0.7610.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku – Sell
Recommendation: Sell NZD/USD around 0.7570, SL 0.7610, Target 0.7480.
The material has been provided by InstaForex Company – www.instaforex.com