FxWirePro: NZD/CAD holds 50-day MA support at 0.9274, weakness only on break below

• NZD/CAD rejected at 0.9276, finds major support by 50-day MA at 0.9274.
   
• We see weakness only on break below 50-DMA, pair could then test next major support at 0.9083 (July 21 low).
   
• On the upside we see major trendline resistance at 0.9316, pair is struggling at trendline from a couple of sessions.
   
• We see upside traction only on breakout above. Next hurdle above 0.9316 located at 0.9350 (20-DMA).
   
• Momentum studies are neutral for now, bias is lower.
   

Recommendation: Watch out for break below 50-DMA at 0.9274, short break for a target of 0.9150/ 0.9083.