FxWirePro: NZD/CAD finds major support at 0.9483 (100-DMA), weakness only on break below

• NZD/CAD slips below 5-DMA, intraday bias bearish.
   
• The pair finds major support by 100-DMA at 0.9483.
   
• Break below will see drag till 20-DMA at 0.9428.
   
• Technicals on daily charts support weakness.
   
• Stochs have rolled over from overbought levels and RSI is biased lower.
   
• MACD is on the verge of a bearish crossover on signal line.

Support levels - 0.9483 (100-DMA), 0.9428 (20-DMA), 0.94, 0.9322 (200-DMA) 

Resistance levels - 0.9525 (5-DMA), 0.9570 (Jan 31 high), 0.9628 (Jan 24 high)

TIME  TREND INDEX  OB/OS INDEX    

1H          Bullish               Neutral       
4H          Neutral              Neutral       
1D          Bearish              Neutral        
1W         Neutral               Neutral        

Recommendation: Good to short break below 100-DMA at 0.9483, SL: 0.9525, TP: 0.9430/ 0.94/ 0.9325

 FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -57.0467(Bearish), while Hourly CAD Spot Index was at 35.6609 (Neutral) at 0730 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.