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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 an…

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  •  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.

 

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