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NZD/USD eyes resistance at 0.7700/12, dips bought

Wednesday, March 25, 2015 12:18 PM UTC

Source: Thomson Reuters

NZD/USD overnight drop halts ~0.7600 support (highs from late Feb/early March)
Soft US yields & AUD/NZD's slide from 1.0330/50 zone support pair's lift
Bull hammer forms & pair eyes 0.7700/12 resistance, dip buyers seen
Immediate resistance seen at 0.7712, Jan 21 high, break accelerates rise
Pair could then target 0.7885/10 and 0.7890/10 zones

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NZD/USD eyes resistance at 0.7700/12, dips bought

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