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NZD /USD breaks 200 day HMA, jump till 0.7735 is possible

  •  RES4:0.7837 (76.4% retracement of 0.80335 and 0.7175)

  •  RES3: 0.7800

  • RES 2: 0.7740 (Apr 22nd high)

  • RES 1: 0.7658 (61.8% retracement of 0.77365 and 0.7535)

      PRICE:0.7674 @9:41 GMT 

  •  SUP 1: 0.7640 (200 day 4HMA) (61.8% retracement of 0.7420 and 0.7732)

  • SUP 2: 0.7580 (Cloud bottom)

  • SUP 3:0.7540 (Apr 24th high)

  •  SUP 4: 0.7500

Commentary:

NZD/USD has broken minor resistance 0.7640 (200 day 4HMA) and this confirms short term bullishness , a jump till 0.7735 cannot be ruled out.

On the downside minor support is around 0.7580 and break below drag the pair further down till 0.7545/0.7520.

It is good to buy at dips around 0.7640 with stop around 0.7595 for the target of 0.7735.

 

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