NZDUSD is chiefly under the influence of commodity markets.
The support rests in 0.72010 with resistance at 0.72450 which both lines are below the weekly pivot point at 0.72900. The EMA of 10 is moving with bearish bias along the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing weak sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended targeting 0.71.

nzdusd analysis