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NZD/USD eyes key resistance again at 0.7575/85

Source: Thomson Reuters NZD/USD bears on edge, 0.7575/85 resistance eyed again If breaks short-term stops likely run, sub-0.7410 eases short-term bull pressure Overnight dip limited by TrendLine off Feb low & 10-DMA, nic…

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NZD/USD eyes key resistance again at 0.7575/85
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Source: Thomson Reuters
  • NZD/USD bears on edge, 0.7575/85 resistance eyed again

  • If breaks short-term stops likely run, sub-0.7410 eases short-term bull pressure 

  • Overnight dip limited by TrendLine off Feb low & 10-DMA, nice bounce ensues

  • RSIs biased up & market short NZD so chance of gains good

  • If USD long unwinds persist resistance likely breaks, 0.7605/25 then eyed

  • 55-DMA & daily lows Dec-Jan sit there, beyond that daily cloud targeted

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