- NZD/USD has made a high of 0.78338 and is slightly retreating from that level. Overall trend is weak as long resistance 0.7870 holds.
- On the upside break above 0.7870 will take the pair to 0.7925/0.7948 in short term.
- The pair minor support is around 0.7800 and any break below will target 0.7740/0.7690.
Recommendation: We prefer to sell NZD/USD around 0.7815-20, SL 0.7871, Target 0.7745/0.7690.
The material has been provided by InstaForex Company – www.instaforex.com