Short NZD/USD rallies for 0.73
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)
Good to sell rallies SL: 0.74, TP: 0.7320/ 0.73
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)
Good to sell rallies SL: 0.74, TP: 0.7320/ 0.73
Book partial profits, stay short for 0.7240/ 0.72
Bearish invalidation above 0.7375