NZD/USD recovers from intraday low, good to sell on rallies

• RES4: 0.7230 (200 day HMA)
  
  
• RES3:0.7195 (May 28^th high)
  
  
• RES2: 0.7170 (Cloud bottom)
  
  
• RES 1: 0.7150 (Jun 1^st high)

      PRICE: 0.71240@11:51 GMT 

• Sup1: 0.7075 (May 31^st low)
  
  
• SUP2: 0.7000
  
  
• SUP4:0.694 (138.2% retracement of 0.71611 and 0.7739)
  
  
• SUP 4: 0.6804 (161.8% retracement of 0.71611 and 0.7739)

Commentary:

NZD/USD recovers from low of 0.7075 and is trading currently around 0.7125.

The pair's major resistance is around 0.7150 and break above would extend gains till 0.7195.

It is good to sell on rallies around 0.7150 with stop around 0.7195 for the target of 0.7000.