- 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


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



