Business NZ PMI has been published in New Zealand and the US will publish Michigan Consumer Sentiment Prel.
The support rests at 0.65160 with resistance at 0.65510 which both lines are below the weekly pivot point at 0.65870. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
The resistance level breakout will confirm the correction pattern towards the weekly pivot point; otherwise NZDUSD will continue its bearish trend towards 0.64800.