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NZD/USD below daily cloud & RSIs biased down

NZD/USD 10-DMA caps, pair sub-daily cloud & RSIs biased down Immediate support into 0.7390/00 then 0.7360, May 13 low then eyed Break of latter accelerates recent slide & 2015 low then back in play, above 0.7575 eases be…

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  • NZD/USD 10-DMA caps, pair sub-daily cloud & RSIs biased down

  • Immediate support into 0.7390/00 then 0.7360, May 13 low then eyed

  • Break of latter accelerates recent slide & 2015 low then back in play, above 0.7575 eases bear pressure 

  • NZ PM Key's cap gains tax on property sales within two years of buy also weighs 

  • Action has market think chance of RBNZ rate cut is upped

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