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NZD/USD rally might be out of gas, recent longs might exit soon

Source: Thomson Reuters Rally off Feb low might be out of gas, short-term uptrend threatened Falling 55-DMA weighs & daily RSI rolls over as 0.7575/85 resistance holds 0.7480/85 is short-term support, beyond that 10-DMA,…

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NZD/USD rally might be out of gas, recent longs might exit soon
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Source: Thomson Reuters


  • Rally off Feb low might be out of gas,  short-term uptrend threatened

  • Falling 55-DMA weighs & daily RSI rolls over as 0.7575/85 resistance holds

  • 0.7480/85 is short-term support, beyond that 10-DMA, Trend-Line off Feb low & 2/13 low are key

  • Break of latter three likely see longs exit & test of 0.7290/0.7315 could follow

  • >0.7605/25 needed for next bull leg higher

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