FxWirePro: NZD/USD holds above 0.70 handle, intraday bias lower

• Overnight recovery in the pair lost legs just shy of 10-DMA barrier at 0.7082. 
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-hovers-around-070-handle-intraday-bias-higher-240368) has achieved all targets.
   
• Lower oil prices and mixed sentiment on the Asian equities dampened the sentiment around the higher-yielding Kiwi.
   
• NZD/USD slumps sharply to hit session low of 0.7005, has recoverd some losses to currently trade around 0.7040.
   
• Intraday bias is lower, pair struggling at 4H cloud base, 10-DMA currently at 0.7059 is stiff resistance above.
   
• Strong trendline support seen at 0.7020, break below required for further downside.
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Recommendation: Short break below 0.7020, SL: 0.7055, TP: 0.70/ 0.6985