We prefer to go long in NZD/USD
Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7819
Kijun-Sen level: 0.7739
Ichimoku cloud top: 0.7740
Ichimoku cloud bottom: 0.7783
NZD/USD has recovered after making a low of 0.7608. Short term trend is bullish as long as support 0.7660 holds.
The pair’s minor resistance is around 0.7870 and above which it can reach 0.7930/0.7975.
The break of minor support 0.7765 will target 0.7700/0.7660 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy NZD/USD around 0.7770, SL 0.7660, Target 0.7975.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.7819
Kijun-Sen level: 0.7739
Ichimoku cloud top: 0.7740
Ichimoku cloud bottom: 0.7783
NZD/USD has recovered after making a low of 0.7608. Short term trend is bullish as long as support 0.7660 holds.
The pair’s minor resistance is around 0.7870 and above which it can reach 0.7930/0.7975.
The break of minor support 0.7765 will target 0.7700/0.7660 in short term.
Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy
Recommendation: Buy NZD/USD around 0.7770, SL 0.7660, Target 0.7975.