NZD /USD is struggling to break above 200 day HMA, decline till 0.7550 is possible.

• RES 4: 0.7800
  
  
• RES 3: 0.7740 (Apr 22^nd high)
  
  
• RES 2: 0.7658 (61.8% retracement of 0.77365 and 0.7535)
  
  
• RES 1: 0.7631 (200 day HMA)
  
   PRICE:0.76065 @10:18 GMT 

• SUP 1: 0.7545 (61.8% retracement of 0.7420 and 0.7732)
  
  
• SUP 2: 0.7480 (Apr 15^th low)
  
  
• SUP 3:0.7420 (Apr 13^th low)
  
  
•  SUP 4: 0.7390 (Apr 1^st low)

Commentary:

NZD/USD has retreated slighty on intraday after making a high of 0.7635 (200 day HMA). This confirms short term bearishness, a decline till 0.7520 cannot be ruled out.

On the downside minor support is around 0.7590 and break below drag the pair further down till 0.7545/0.7520.

It is good to sell on rallies around 0.7635 with stop around 0.7660 for the target of 0.7550.