FxWirePro: NZD/USD holds above 100-DMA support, bias lower

• NZD/USD hovers around 100-DMA support, intraday bias lower.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-major-trendline-support-eyes-100-DMA-at-07140-333378) has almost hit TP 1&2.
   
• Momentum studies are bearish, we see break below 100-DMA to test 0.7086 and then 0.7055 levels.
   
• Bearish invalidation only above 20-day MA at 0.7275.
   
• Major support levels - 0.7155 (61.8% Fib), 0.7158 (Aug 10 low), 0.7144 (100-DMA), 0.7140 (Aug 3 lows)
   
• Major resistance levels - 0.7250 (trendline), 0.7259 (50-DMA), 0.7274 (20-DMA)
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Recommendation: Good to short break below 0.7140, SL: 0.72, TP: 0.71/ 0.7086/ 0.7055.