FxWirePro: NZD/USD on track to test 50-day MA at 0.7251, good to go long on dips

• NZD/USD edges lower from session highs at 0.7235, intraday bias higher.
   
• The pair has broken major trendline resistance at 0.7185 and has taken out 20-DMA at 0.7194.
   
• Technical indicators are bullish, RSI and Stochs are biased higher, while we see a bullish MACD line crossover on signal line.
   
• We see scope for test of 50-DMA at 0.7251, bearish invalidation below trendline resistance turned support currently at 0.7175.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-finds-strong-support-at-07080-good-to-long-on-dips-350391) has achieved all targets.
   

Recommendation: Book partial profits, raise trailing stops to 0.7175, hold for 0.7250