FxWirePro: Kiwi ends five-day winning streak, tracks the Aussie lower, RBA decision in focus

• NZD/USD has paused its five-day winning streak and edged lower on the day as Kiwi tracks its Oz counterpart lower.
   
• New Zealand June house prices rose at their fastest pace of the year, however, Kiwi has largely ignored the upbeat data for now.
   
• RBA rate decision and the biweekly global dairy (GDT) auction in focus for further momentum.
   
• Our previous call (http://www.econotimes.com/FxWIrePro-NZD-USD-intraday-bias-higher-good-to-go-long-on-dips-230365) has achieved all targets.
   
• Break below 0.72 handle could drag the pair to 0.7151 (23.6% Fib (May 30 to June 24 rally). A break below 0.7151 could open the door for further correction lower. 
   
• Techs on weeklies support upside in the pair, we see the corrective phase to be shallow.
   
• Support on the downside is seen at 0.7169 (5-DMA), 0.7163 (4H 20-SMA) and 0.7151 (23.6% Fib).
   
• On the upside, resistance is located at 0.7234 (session high), 0.7240 (July 4 high) and 0.7255 (June 23 high).
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Recommendation: Go short on break below 0.72, SL:  0.7235, TP: 0.7151/ 0.71