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Source: Thomson Reuters
- NZD/USD overnight rally stalls at 55_DMA & pair holds key resistance at 0.7605/25
- Pair now down on the day, RSI diverges & gravestone doji forms, recent bulls may exit soon
- Close below 10-DMA & TrendLine off Feb low will encourage bears
- Below -0.7410/20 eyes 2015 low retest
- Still some upside risk as month-end models suggest big USD selling due
- If resistance not cleared, short-term bulls likely exit & long-term bear trend may resume
