- RES 4: 0.7800
- RES 3: 0.7740 (Apr 22nd high)
- RES 2: 0.7658 (61.8% retracement of 0.77365 and 0.7535)
- RES 1: 0.7631 (200 day HMA)
PRICE:0.76065 @10:18 GMT
- SUP 1: 0.7545 (61.8% retracement of 0.7420 and 0.7732)
- SUP 2: 0.7480 (Apr 15th low)
- SUP 3:0.7420 (Apr 13th low)
- SUP 4: 0.7390 (Apr 1st low)
Commentary:
NZD/USD has retreated slighty on intraday after making a high of 0.7635 (200 day HMA). This confirms short term bearishness, a decline till 0.7520 cannot be ruled out.
On the downside minor support is around 0.7590 and break below drag the pair further down till 0.7545/0.7520.
It is good to sell on rallies around 0.7635 with stop around 0.7660 for the target of 0.7550.


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