NZD is acting weak against its American counterpart due to the Reserve Bank of New Zealand decision to leave the rate unchanged.
The support rests in 0.71720 with resistance at 0.72120 which both lines are below the weekly pivot point at 0.72990. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and above the EMA of 200. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing a weak sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
The support level breakthrough will smooth the way for further decline otherwise the pair will rise towards 0.7300.

nzdusd analysis