- NZD/USD was rejected at session high by 0.7159, intraday bias lower.
- The pair is currently hovering around 20-DMA at 0.7115.
- Next major support on the downside is seen by 50-DMA at 0.7097, break below will see drag till 0.70 levels.
- Resistance on the flipside is seen at 0.7149 (10-DMA), 0.7188 (June 22 high) and then 0.7197 (July 1 high).
Recommendation: Good to go short on rallies around 0.7125/30, SL: 0.7160, TP: 0.7097/ 0.7060/ 0.70
