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NZD/USD eyes key resistance again at 0.7575/85

Wednesday, February 25, 2015 1:58 PM UTC

Source: Thomson Reuters

NZD/USD bears on edge, 0.7575/85 resistance eyed again
If breaks short-term stops likely run, sub-0.7410 eases short-term bull pressure
Overnight dip limited by TrendLine off Feb low & 10-DMA, nice bounce ensues
RSIs biased up & market short NZD so chance of gains good
If USD long unwinds persist resistance likely breaks, 0.7605/25 then eyed
55-DMA & daily lows Dec-Jan sit there, beyond that daily cloud targeted

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NZD/USD eyes key resistance again at 0.7575/85

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