NZD/USD has broken major resistance 0.76125 and this confirms short bullishness a jump till 0.7715 cannot be ruled out.
Short term reversal can happen only below 0.7540 level. Any break below that level will target 0.7500/0.7450.
On the upside minor resistance is around 0.7670 and any break above could pave way for next target 0.7710/0.7750.
Indicators (4 Hours chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy NZD/USD around 0.7570, SL 0.7540, Target 0.7665/0.7710.
Short term reversal can happen only below 0.7540 level. Any break below that level will target 0.7500/0.7450.
On the upside minor resistance is around 0.7670 and any break above could pave way for next target 0.7710/0.7750.
Indicators (4 Hours chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy NZD/USD around 0.7570, SL 0.7540, Target 0.7665/0.7710.
