NZD/USD breaks major support 0.7380, decline till 0.7315 is poss

RES4: 0.7620 (61.8% retracement of 0.7742 and 0.7420)

RES3:0.7536 (200 day HMA)

RES2: 0.7500(May 8th high)

RES 1: 0.7435 (Kijun-Sen)

PRICE: 0.7382 @08:47 GMT

SUP 4: 0.7380 (61.8% retracement of 0.7160 and 0.7735)

Sup2: 0.7315

SUP3: 0.7274 (Mar 18th low)

SUP4: 0.7160 (Mar 11th low)

Commentary:

NZD/USD breaks major support 0.7380 and confirms short term weakness ,a decline till 0.7315 cannot be ruled out.

Intraday trend is weak as long as support 0.7435 holds.

It is good to sell on rallies around 0.7400 with stop around 0.7435 for the target of 0.7320.