- NZD/USD is trading near major support 0.77160 (median line) and any break of will take the pair to 0.7660/0.7600. Overall trend is weak as long as resistance 0.7765 (50 day Hourly EMA) holds.
- The pair’s minor resistance is around 0.7765 would extend gain to 0.7805/0.7848 in short term.
CCI (50) – Sell
CCI (14) – Sell
We prefer to Sell NZD/USD around 0.7735, SL 0.7765, Target 0.766/0.7600.
The material has been provided by InstaForex Company – www.instaforex.com