- On the daily charts the pair has broken major trendline support at 0.7185 and has fallen below 20-DMA support at 0.7169.
- Technicals are bearish, stochs have rolled over from overbought zone and we see a bearish MACD line crossover on signal line.
- Pair finds minor support at 0.7139 (July 5 low), break below will see test of 0.7060 (trendline) and then 0.7040 (double bottom (June 10 and 29).
- Immediate resistance on the upside above 20-DMA (0.7169) lies at 0.7218 (10-DMA).
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-major-support-at-07260-on-track-to-test-072-levels-235772) has achieved all targets.
Recommendation: Book partial profits, lower trailing stops to 0.72, target 0.71/ 0.7060/ 0.7040
Fresh shorts can be initiated on rallies around 0.7170/60, SL: 0.7230, TP: 0.71/ 0.7060/ 0.7040


FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major European Indices
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD range to extend until there is game changing news
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00 



