FxWirePro: NZD/USD bias turns bearish on break below 5-DMA, good to sell rallies

• NZD/USD is extending downside from multi-month highs at 0.7485.
   
• Techs have turned bearish after break below 5-DMA support at 0.7383.
   
• Stochs have rolled over from overbought levels and RSI is biased lower.
   
• Positive comments from Fed's Rosengren support USD.
   
• Major support levels - 0.7319 (10-DMA), 0.73, 0.7293 (20-DMA), 0.7207 (50-DMA)
   
• Major resistance levels - 0.7382 (5-DMA), 0.74, 0.7413 (session high)
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Recommendation: Good to sell rallies around 0.7350, SL: 0.74, TP: 0.7320/ 0.73/ 0.7240/ 0.72