NZD/USD has recovered from low of 0.7685 to 0.7740 in the intraday. Overall trend is bullish as long as support 0.7650 holds.
On the downside minor support is around 0.7680 and any break below will drag the pair further down till 0.7650/0.7600 in short term.
The pair is facing resistance around 0.7740 and break above would extend gains till 0.7800/0.7840.
Indicator (1 hour chart)
CCI(50)- Buy
Woodies CCI(14)- Buy
Ichimoku- Buy
It is good to buy at dips around 0.7700 with stop around 0.7650 for the target of 0.7800.
On the downside minor support is around 0.7680 and any break below will drag the pair further down till 0.7650/0.7600 in short term.
The pair is facing resistance around 0.7740 and break above would extend gains till 0.7800/0.7840.
Indicator (1 hour chart)
CCI(50)- Buy
Woodies CCI(14)- Buy
Ichimoku- Buy
It is good to buy at dips around 0.7700 with stop around 0.7650 for the target of 0.7800.