Open trading account 
Rate NZD / USD has dropped sharply in Europe this morning after finding resistance at 0.7850 near the threshold (R2), on the border of the range is wide, but it has traded since the beginning of May 12. Since that the exchange rate breaks below its support zone (converted into resistance), 0.7785 (R1), can be reminded to extend towards the 0.7715 level (S1) RSI has found resistance at right bottom line breaks below its 70 and 50, while the MACD indicator, although positive sign, but has peaked and reached below the onset. Such findings confirm the negative sentiment this morning to rate NZD / USD and enhanced for the next decline. Although I found the ability to expand the next fall, but I still believe that the short term trend is sideways, because the exchange rate fluctuated between the support level 0.7625 (S3) and resistance at 0.7850 (R2).• Support levels: 0.7715 (S1), 0.7680 (S2), 0.7625 (S3).
• Resistance: 0.7785 (R1), 0.7850 (R2), 0.7910 (R3).
