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NZD/USD holds key resistance at 0.7605/25, bulls on edge

Thursday, February 26, 2015 2:33 PM UTC

Source: Thomson Reuters

NZD/USD overnight rally stalls at 55_DMA & pair holds key resistance at 0.7605/25
Pair now down on the day, RSI diverges & gravestone doji forms, recent bulls may exit soon
Close below 10-DMA & TrendLine off Feb low will encourage bears
Below -0.7410/20 eyes 2015 low retest
Still some upside risk as month-end models suggest big USD selling due
If resistance not cleared, short-term bulls likely exit & long-term bear trend may resume

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NZD/USD holds key resistance at 0.7605/25, bulls on edge

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