- NZD/USD has broken major resistance 0.7715 (61.8% retracement of 0.8040 and 0.7177) and this confirms short term bullishness a jump till 0.7760 (trend line joining 0.7612 and 0.7696)/0.7800 cannot be ruled out.
- 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.
