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NZD/USD finds major pivotal support at 0.7533

Opened -0.85%, with carry trades under sustained pressure USD strength & caution on RBNZ's dovish stance Momentum studies, 5, 10 & 20 dma's peak, but still neutral bias Close below 0.7533, 38.2% of March/April rise would…

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  • Opened -0.85%, with carry trades under sustained pressure

  • USD strength & caution on RBNZ's dovish stance

  • Momentum studies, 5, 10 & 20 dma's peak, but still neutral bias

  • Close below 0.7533, 38.2% of March/April rise would turn signals negative

  • Initial support/resistance at 0.7533 and 0.7625 levels

 

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