The currency pair fell at the start of the week as the US dollar gained strength as a result of rising interest rates in the United States and a weakened risk appetite. The Reserve Bank of New Zealand (RBNZ) will announce its interest rate decision on Wednesday, which will dominate the news this week. Economists at ANZ Bank anticipate a 50bp increase, as well as a more aggressive tone, which is expected to support the New Zealand dollar.
0.68240 serves as support while 0.68410 serves as resistance. Currently the price is below the Pivot Point at 0.68320. The EMAs of 100 and 200 are moving downward horizontally, the EMA of 10 is showing a slight horizontal movement. There is a strong rising trend in the Stochastic oscillator. The RSI is moving toward the 50 mark. The MACD histogram is in positive zone with the signals going to generate a buy signal. ADX is showing a horizontal movement.
The price is under the Ichimoku Cloud and the Chinkou Span is far away the market price. The Tenkan-sen and the Kijun-sen are moving downward.

• There is resistance at 0.68410, followed by resistance at 0.68490 and 0.68580.
• There is support at 0.68240 Below, there is 0.68150 and 0.68070.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.