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- RES 4: 0.7711 (61.8% 0.80335 and 0.7175)
- RES 3: 0.76962 (24th Mar high)
- RES 2: 0.76630 (50% retracement of 0.7691 and 0.7390)
- RES 1: 0.7630 (Apr 3rd high)
PRICE: 0.75936@ 11:54 GMT
- SUP 1: 0.7563 (Tenken-Sen)
- SUP 2: 0.7510 (20 day 4HMA)
- SUP 3: 0.7485 (200 day 4HMA)
- SUP 4: 0.7435 (50% retracement of 0.7183 to 0.76912)
Commentary:
NZD/USD has recovered till 0.76293 after making low of 0. term trend is bullish as long as resistance 0.7500 holds.
On the downside minor support is around 0.7560 any break below will drag the pair further down till 0.7500/0.7485 level.
It is good to buy around 0.7560 with stop around 0.7500 for the target of 0.7695.
