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- NZD/USD rejected at major trendline resistance on Friday's trade.
- The pair currently hovers around 20-day MA at 0.7225.
- Intraday bias lower, Stochs show a bearish rollover from overbought levels.
- Close below 20-DMA could see test of 50-DMA at 0.7169.
- On the flipside, if the pair holds above 20-DMA, we see scope for upside upto 0.73 levels.
Recommendation: Good to go short on close below 20-DMA at 0.7225, SL: 0.73, TP: 0.7169/ 0.7110/ 0.7087
