New Zealand Dollar Held in Check by 20 day SMA

With Kiwi unable to push through the 20 day SMA the last 3 days, it seems wise to adopt a neutral / cautious bearish stance against .7403 (a psychological figure as well at .7400).

Keep risk tight on a decline below .7345 as that could mark the end of an A-B-C correction and lead to another leg higher.