New Zealand released Credit Card Spending and there will be FOMC Members talks in the US.
The support rests at 0.62530 with resistance at 0.63100 which both lines are below the weekly pivot point at 0.64000. 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 moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
NZDUSD may continue its bearish trend towards 0.62200.