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FxWirePro:NZD/USD continues to recovers , upside pressure builds 
FxWirePro -Major European Indices 
- RES 4: 1.0935 (61.8% retracement of 1.105 and 1.0520)
- RES 3: 1.0847 (Apr 17th high)
- RES 2: 1.0775 (61.8% retracement of 1.0847 and 1.0658)
- RES 1: 1.0722 (20 day HMA)
PRICE: 1.0700 @ 11:55 GMT
- SUP 1: 1.0678 (200 day HMA)
- SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
- SUP 3: 1.0580(15th Apr low)
- SUP 4:1.0460 (Mar 13th low)
Commentary:
EUR/USD has retreated after making a high of 1.0847. Intraday trend is bearish as long as resistance 1.0780 holds.
On the upside minor resistance is around 1.0722 and break above would extend gains till 1.0780/1.0850. Sell around 1.0720 with stop around 1.0780 with target of 1.0600/1.0530.
