- RES 4: 0.7710
- RES 3: 0.7670
- RES 2: 0.7610
- RES 1: 0.7580 (34 4 Hour EMA)
PRICE: 119.28 @ 4:18 GMT
- SUP 1: 0.7540
- SUP 2: 0.7474
- SUP 3: 0.7420
- SUP 4: 0.7379
Commentary:
NZD/USD has retreated after making a high of 0.7692 and overall trend is still weak as long as 0.7610 holds.
On the lower side 0.7474 will be acting as major support and any break below will take the pair till 0.7375.
Bearish invalidation can happen only if it closes above 0.7710.
