Kiwi quickly faded the entire knee-jerk spike and slipped below 0.73 handle.
RBNZ Governor Wheeler's comments on likely intervention weighed heavily on the prices.
Technically, we see scope for downside. Beraish seen on dailies.
5-DMA is biased lower, along with Stochs and .
Strong support is seen at 0.7214 ( 20-DMA ). Violation there could see further downside.
Major support levels - 0.7214 ( 20-DMA ), 0.72, 0.7180 (Nov 2 lows)
Major resistance levels - 0.73/ 0.7315 (5-DMA), 0.7390 ( )
Good to sell rallies around 0.7255/65, SL: 0.7320, TP: 0.7215/ 0.72/ 0.7180