- 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.
Resistance
R1- 0.7735
R2-0.7760
R3-0.7800
Support
S1-0.7640
S2-0.7570
S3-0.7500
The material has been provided by InstaForex Company – www.instaforex.com