FxWirePro: NZD/USD finds major trendline support at 0.7080, good to short break below

• NZD/USD has opened lower after series of large earthquakes that struck central New Zealand overnight and the following Tsunami warning.
   
• The pair is holding above major support at 0.7080 levels, break below to see further downside.
   
• Technical studies are bearish, RSI weakness at 39 levels, MACD shows bearish crossover.
   
• Major support levels  - 0.7080 (trendline & 50% Fib), 0.7034 (Oct 13 low), 0.7016 (200-DMA), 0.6985 (61.8% Fib)
   
• Major resistance levels  - 0.71, 0.7175 (38.2% Fib), 0.72, 0.7211 (20-DMA)
   
• Retail sales data due out from both the US and New Zealand due tomorrow in focus for further momentum.
   
• At 0925 GMT FxWirePro's Hourly Currency Strength Index stood as follows: USD: + 97.5137(Slightly Bullish), NZD: -119.779 (Highly Bearish)
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Recommendation: Good to go short on breakout below 0.7080, SL: 0.7130, TP: 0.7035/ 0.7015/ 0.6985