NZD/USD Short Target

 | Nov 21, 2014 01:16AM ET

NZD/USD short setup targeting 7800-7760
NZD/USD is showing nice confluence for short setups at 7875-7890 zone. We can spot M 1 2 3 bearish pattern, an inner trend line, intra month trend line , descending intraday trend line with H3 and DPP. MACD is still below 0. NZDUSD should target 7825 and 7803. If 7800 is broken and retested 7765 is the target.