• NZD struggling to strengthen after initial sub at 0.7570
  
  
• Heightened risk aversion offshore stoked by developments in the Gulf
  
  
• Potential for safe-haven flows into USD now working to prevent NZD bounce
  
  
• Daily close seen sub-0.7630 100-DMA
  
  
• Major support seen at 0.7534 50% retrace of 0.7890/0.7177
  
  
• 0.7534 50% retrace of 0.7890/0.7177 Jan/Feb decline next sup, 100-DMA as resistance