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NZD/USD can't hold above 55 DMA, bears hang tough

Monday, March 2, 2015 2:22 PM UTC

Source: Thomson Reuters

Overnight lift on China cut pierces 55-DMA but NZD/USD unable to hold above
Pair now off Feb low & 10-DMA, sub-TrendLine, RSI biased down; bears hang tough
Market looks to RBA, if cut or ease bias NZD likely to slip further
Pair may test key 0.7710/20 zone, break then eyes 0.7285/15 zone

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NZD/USD can't hold above 55 DMA, bears hang tough

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