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NZD/USD is trading above cloud, slight pullback till 0.7690 cannot be ruled out.

Thursday, April 9, 2015 11:31 AM UTC

RES4 :0.7785 (138.2% retracement of 0.76125 and 0.71616)
RES 3: 0.7711 (61.8% retracement of 0.80335 and 0.7175)
RES2: 0.76630 (50% retracement of 0.7691 and 0.7390)
RES 1: 0.7630 (Apr 3^rd high)

PRICE: 0.75945 @ 10:29 GMT

SUP 1: 0.7551 (20 day 4HMA)
SUP 2: 0.7487 (200 day 4HMA)
SUP 3: 0.7435 (50% retracement of 0.7183 to 0.76912)
SUP 4: 0.7390 (Apr 1^st 2015)

Commentary:

NZD/USD has recovered after making a low of 0.7518. Overall trend is bullish as long as support 0.7480 holds.

On the downside minor support is around 0.7550 any break below will drag the pair further down till 0.7485/0.7435 level.

It is good to buy at dips around 0.7550 with stop around 0.7480 for the target of 0.7630/0.7690.

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NZD/USD is trading above cloud, slight pullback till 0.7690 cannot be ruled out.

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