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- RES4:0.7580 (May 5th high)
- RES3: 0.7500 (May 8th high)
- RES2: 0.7467 (200 day HMA)
- RES1:0.7435 (trend line joining 0.7639 and 0.7572
PRICE: 0.7430@09:19 GMT
- Sup1: 0.7380 (34 H EMA)
- SUP2: 0.7350 (Cloud Top)
- SUP3: 0.7315
- SUP4:0.7274 (Mar 18th low)
Commentary:
NZD/USD has recovered after making a low of 0.7320. Overall trend is bullish as long as support 0.7315 holds
Intraday major support is around 0.7380 and further weakness can be seen below that level.
It is good to buy at dips around 0.7415 with stop around 0.7375 for the target of 0.7498.
