FxWirePro: AUD/NZD breaks major support at 1.0707, intraday bias lower

• AUD/NZD has broken major support at 1.0707 on 4H charts and edged lower to currently trade around 1.0672 levels.
   
• Intraday bias is lower, momentum bearish and Stochs are biased lower.
   
• Upside was rejected on Tuesday's trade at high around 1.0743 which is strong resistance level.
   
• Major support on the downside is seen at 1.0625 (20-DMA), decisive break below could drag the pair to 1.05 levels.
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Recommendation: Good to go short on rallies around 1.0675, SL: 1.07, TP: 1.0650/ 1.0625/ 1.0610