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NZD/USD unable to break major support 0.7600, jump till 0.7780 is expected

  • RES 4: 0.7890 

  • RES 3: 0.7850
  • RES 2: 0.778 

  • RES 1: 0.7711 


PRICE:0.7638 (12:48 GMT ) 

  • SUP 1: 0.7640 (Tenken-Sen) 

  • SUP 2: 0.7610 (20 day 4HMA) 

  • SUP 3: 0.75475 

  • SUP 4: 0.7479 (200 day 4 Hour EMA) 

Commentary 

NZD/USD has retreated after making a high of 0.7690. Overall trend is till bullish as long as support 0.7600 holds. 
Any break of major resistance 0.7715 would extend gains till 0.7780. 

It is good to buy around 0.7650 (10 day 4HMA) for the target of 0.7780 in short term. 

 

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