- NZD/USD ran into decent tech resistance between 0.7420 and 0.7430
- Upside momentum has waned as the USD remains bid across the board
- Despite slightly less dovish RBNZ, NZD is likely to stay under pressure against the Greenback
- First support seen at 0.7320, then not much until the 0.7200-20 area
- I’m short NZD/USD from 0.7407 with a stop at 0.7450 and a target of 0.73 for a 1:2 RRR
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