• NZD/USD bears in control as RSIs are biased down with room to run
  
  
• Gap open ~55-DMA repelled, now sub-daily cloud, bear engulfing candle forms
  
  
• Good stops sub-0.7370 & 0.7350, will attract if no sustained bounce soon
  
  
• Above 0.7420/30 needed to ease immediate bear pressure, eyes 0.7270/75 below 0.7350 
  
  
• Market prices June RBNZ cut chance >40%, 40bps of cuts priced over next 12 months