FxWirePro: NZD/USD hovers around 200-DMA, good to go short on close below

• NZD/USD is hovering around 200-DMA at 0.7024, close below will confirm further downside.
   
• Momentum studies are bearish, Stochs are at extreme oversold levels, while RSI weak at 34.
   
• Major moving averages are biased lower and price action is well below daily cloud.
   
• Major support levels - 0.6974 (July 22 low), 0.6936 (161% Fib retrace), 0.69
   
• Major resistance levels - 0.7024 (200-DMA), 0.7064 (5-DMA), 0.71
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Recommendation: Good to go short on close below 200-DMA at 0.7024, SL: 0.7065, TP: 0.6975/ 0.6936/ 0.69

FxWirePro's Hourly NZD Spot Index was at -24.3333 (Neutral), while Hourly USD Spot Index was at 43.8576 (Neutral) at 0440 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex