NZD/USD has formed descending triangle pattern and any break below 0.7510 will confirm the break out .
On the downside any break below will target 0.7470/0.7420 in short term. Any trend reversal can happen only above 0.7570 and above that it can reach 0.7620/0.7655.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell NZD/USD around 0.7530, SL 0.7570, Targets 0.7471/0.7425 .
On the downside any break below will target 0.7470/0.7420 in short term. Any trend reversal can happen only above 0.7570 and above that it can reach 0.7620/0.7655.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell NZD/USD around 0.7530, SL 0.7570, Targets 0.7471/0.7425 .