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, dip till 0.7380 is possible. - EconoTimes)
- RES 4: 0.7590 (Cloud Top)
- RES 3: 0.7595 (27th Mar high)
- RES 2: 0.7540 (50% retracement of 0.7691 and 0.7390)
- RES 1: 0.7491 (200 day 4HEMA)
PRICE: 0.7468@ 9:31 GMT
- SUP 1: 0.7430
- SUP 2: 0.7375 (61.8% retracement of 0.71837 and 0.76912)
- SUP 3: 0.7270 (Mar 18th Low)
- SUP 4: 0.7185 (Mar 11th low)
Commentary:
NZD/USD has recovered till 0.7490 (200 day 4H EMA) after making low of 0. term trend is weak as long as resistance 0.7500 holds.
On the downside any break below 0.7 will drag the pair further down till 0.7270 level.
It is good to sell around 0.7470 with stop around 0.7500 for the target of 0.7375.
