FxWirePro: NZD/USD finds strong support at 200-DMA, break below to accentuate weakness

• NZD/USD trades slightly weaker on the day, down 0.05% at the time of writing.
   
• The kiwi remains under pressure as China PMI misses expectations, hits 4-month low.
   
• China's PMI came in at 51.0, missing 51.7 expected and compared to the previous period's reading of 51.6.
   
• Price bounced off 200-DMA at 0.7184 on March 29th day's trade and we see weakness only on break below.
   
• We see doji formation on daily charts on Friday's trade and upside was capped below 5-DMA.
   
• Focus now on US NFP data due on Friday for further impetus.

Support levels - 0.7185 (nearly converged 200-DMA and 38.2% Fib and cloud base), 0.7153 (March 21 low), 0.71

Resistance levels - 0.7235 (5-DMA), 0.7256 (20-DMA), 0.7281 (23.6% Fib), 0.73

Recommendation: Watch out for break below 200-DMA for further weakness.

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