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NZD/USD pierces 0.7535/50 zone on overnight dip, cloud top supports for now

Source: Thomson Reuters NZD/USD pierces 0.7535/50 zone on overnight dip Daily highs/lows & cloud top there, rising 10-DMA just below Pair tests support and holds initial test, keeps bull view intact Immediate resistance …

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NZD/USD pierces 0.7535/50 zone on overnight dip, cloud top supports for now
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Source: Thomson Reuters


  • NZD/USD pierces 0.7535/50 zone on overnight dip

  • Daily highs/lows & cloud top there, rising 10-DMA just below

  • Pair tests support and holds initial test, keeps bull view intact

  • Immediate resistance at ~0.7600/10, break ups bullish sentiment opens door to 0.7665/95 zone

  • Soft UST yields & leveraged fund sales of USDs to keep pair aloft

  • Pair could eye 0.7400 area on fall below 0.7535 

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