FxWirePro: NZD/USD holds major trendline support at 0.7228, break below to target 0.7175

• NZD/USD hovers around 50-day MA at 0.7247, momentum studies neutral.
   
• The pair has taken major trendline support at 0.7228 and has edged higher to currently trade at 0.7265 levels.
   
• We see weakness on break of trendline support (0.7228), test of 38.2 % Fib at 0.7175 then likely.
   
• Violation there could see test of 0.7140 and then 0.7086 (Aug 8 lows).
   
• Major support levels - 0.7228 (trendline), 0.7220 (Sept 26 low), 0.72 (cloud top)  
   
• Major resistance levels - 0.7294 (23.6% Fib), 0.73, 0.7311 (20-DMA), 0.7369 (Sept 22 high)
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Recommendation: Good to go short on break below 0.7228, SL: 0.73, TP: 0.7175/ 0.7140/ 0.71/ 0.7086