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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 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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