• 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.

The material has been provided by InstaForex Company – www.instaforex.com