- On the daily charts the pair has broken major trendline support at 0.7185 and has fallen below 20-DMA support at 0.7169.
- Technicals are bearish, stochs have rolled over from overbought zone and we see a bearish MACD line crossover on signal line.
- Pair finds minor support at 0.7139 (July 5 low), break below will see test of 0.7060 (trendline) and then 0.7040 (double bottom (June 10 and 29).
- Immediate resistance on the upside above 20-DMA (0.7169) lies at 0.7218 (10-DMA).
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-major-support-at-07260-on-track-to-test-072-levels-235772) has achieved all targets.
Recommendation: Book partial profits, lower trailing stops to 0.72, target 0.71/ 0.7060/ 0.7040
Fresh shorts can be initiated on rallies around 0.7170/60, SL: 0.7230, TP: 0.71/ 0.7060/ 0.7040


GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/JPY on nervous hold around 160.00
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



