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FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
 to see further weakness - EconoTimes)
- NZD/USD rejected at major trendline resistance at 0.7435, slips below to currently trade below 0.74 handle.
- We see a spinning top formation at highs which raises scope for further downside.
- 5-DMA at 0.7365 is immediate support, break below will see further drag.
- Scope for upside seen only on decisive break above major trendline resistance at 0.7435.
- Break below 0.7365 could see test of 20-DMA at 0.7324. Violation at 20-DMA invalidates bullish bias.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-hovers-around-20-DMA-at-07307-breakout-to-see-further-upside-1149550) has hit all targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 93.0328 (Bearish), while Hourly USD Spot Index was at -42.3816 (Neutral) at 1200 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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