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Short

NZD/USD breaks 0.7480, decline till 0.7375 is possible.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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RES 4: 0.7690

RES 3: 0.7615

RES 2: 0.7546 (20 DAY 4HMA)

RES 1: 0.7485 (200 day 4HMA)

PRICE: 0.7484@ 12:22 GMT

SUP 1: 0.7450

SUP 2: 0.7420

SUP 3: 0.7370

SUP 4: 0.7315

Commentary:

NZD/USD has broken minor support 0.7500 and also trading slightly below 200 day 4HMA.Short term trend is weak as long as resistance 0.7520 holds.

It is good to sell around 0.7490 with stop around 0.7525 for the target of 0.7370.
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