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NZD/USD downside risks up as RSIs biased down

  • NZD/USD bears gaining an edge as three tries to clear 0.7750 fail in April & early May

  • Downside risks up as RSIs biased down & break below daily cloud  

  • NZ Q1 jobs data the risk later, Unemployment rate forecast to improve, if not NZD gets hit

  • RBA another risk, if cut seen NZD likely gets hit in sympathy with AUD

  • If those events align could see sub-0.7400 in short order

  • Market Data
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