FxWirePro
Long

Kiwi is trading near trend line resistance,targets 0.7500

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
94 0 0
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.


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