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NZD/USD unable to break major support 0.7600, jump till 0.7780 is expected

Wednesday, March 25, 2015 1:00 PM UTC

RES 4: 0.7890
RES 3: 0.7850
RES 2: 0.778
RES 1: 0.7711

PRICE:0.7638 (12:48 GMT )

SUP 1: 0.7640 (Tenken-Sen)
SUP 2: 0.7610 (20 day 4HMA)
SUP 3: 0.75475
SUP 4: 0.7479 (200 day 4 Hour EMA)

Commentary

NZD/USD has retreated after making a high of 0.7690. Overall trend is till bullish as long as support 0.7600 holds.
Any break of major resistance 0.7715 would extend gains till 0.7780.

It is good to buy around 0.7650 (10 day 4HMA) for the target of 0.7780 in short term.

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NZD/USD unable to break major support 0.7600, jump till 0.7780 is expected

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