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- RES 4: 0.7590 (Cloud Top)
- RES 3: 0.7515 (34 day 4H EMA)
- RES 2: 0.7483 (200 day 4HMA)
- RES 1: 0.7450 (Tenken-Sen)
PRICE: 0.7484@ 12:22 GMT
- SUP 1: 0.7375 (61.8% retracement of 0.71837 and 0.76912)
- SUP 2: 0.7310
- SUP 3: 0.7270 (Mar 18th Low)
- SUP 4: 0.7185 (Mar 11th low)
Commentary:
NZD/USD has recovered after making low of 0. term trend is weak as long as resistance 0.7485 holds.
On the downside any break below 0.7375 will drag the pair further down till 0.7270 level.
It is good to sell around 0.7450 with stop around 0.7485 for the targets of 0.7370/0.7275.
