FxWirePro: NZD/CAD finds major support at 200-DMA (0.9397), weakness only on break below

• NZD/CAD has broken below 100-DMA support at 0.9469, intraday bias lower.
   
• The pair was rejected at major trendline resistance at 0.9590 and is extending declines for 3rd consecutive session.
   
• Downside finds major support at 0.9397 which is 200-day MA. We see weakness only on break below.
   
• Bearish invalidation only on a decisive close above 100-DMA at 0.9469.
   
• Support levels - 0.9397 (200-DMA), 0.9346 (Feb 14 low), 0.93
   
• Resistance levels - 0.9469 (100-DMA), 0.9486 (5-DMA), 0.95
   
• Recommendation: We prefer to wait for further confirmation. 
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FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -55.8001(Bearish), while Hourly CAD Spot Index was at -34.9454 (Neutral) at 0730 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.