- NZD/USD has recovered after making low of 0.7713 and overall trend is bearish as long as 0.7770 holds.
- The pair's minor resistance is around 0.7765 would extend gain to 0.7805/0.7848 in short term.
- On the downside minor support is around 0.7700 and any break below will take the pair to 0.7660/0.7600.
Indicator (1 Hour Chart)
CCI (50) – Sell
CCI (14) – Buy
Recommendation: Sell NZD/USD around 0.7750, SL 0.7770, Target 0.766/0.7600.
The material has been provided by InstaForex Company – www.instaforex.com