NZD/USD breaks 0.7480, decline till 0.7375 is possible.
RES 4: 0.7690
RES 3: 0.7615
RES 2: 0.7546 (20 DAY 4HMA)
RES 1: 0.7485 (200 day 4HMA)
PRICE: 0.7484@ 12:22 GMT
SUP 1: 0.7450
SUP 2: 0.7420
SUP 3: 0.7370
SUP 4: 0.7315
Commentary:
NZD/USD has broken minor support 0.7500 and also trading slightly below 200 day 4HMA.Short term trend is weak as long as resistance 0.7520 holds.
It is good to sell around 0.7490 with stop around 0.7525 for the target of 0.7370.
RES 3: 0.7615
RES 2: 0.7546 (20 DAY 4HMA)
RES 1: 0.7485 (200 day 4HMA)
PRICE: 0.7484@ 12:22 GMT
SUP 1: 0.7450
SUP 2: 0.7420
SUP 3: 0.7370
SUP 4: 0.7315
Commentary:
NZD/USD has broken minor support 0.7500 and also trading slightly below 200 day 4HMA.Short term trend is weak as long as resistance 0.7520 holds.
It is good to sell around 0.7490 with stop around 0.7525 for the target of 0.7370.