FxWirePro: NZD/USD holds major trendline support at 0.7030, weakness only on break below

• NZD/USD fails to break below major trendline support at 0.7030 on Thursday's trade.
   
• The major hit highs of 0.7132 before edging lower to currently trade around 0.71 handle.
   
• Some upside left intraday, could see test of 23.6% Fibo of the recent fall from 0.7485 seen at 0.7140.
   
• Trend is still lower, break below trendline support at 0.7030 could see drag upto 0.6985 and then 0.6951 levels.
   
• Major support levels - 0.7030 (trendline), 0.70, 0.6970 (June 24 low), 0.6943 (200-DMA)
   
• Major resistance levels - 0.7094 (5-DMA, double top June 16 & Oct 12), 0.7148 (June 9 high), 0.7161 (100-DMA)
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Recommendation: Good to sell break below 0.7030, SL: 0.71, TP: 0.70/ 0.6970/ 0.6940