ANZ Business Confidence came lower than expected in New Zealand. GDP, Unemployment Claims and GDP Price Index will be released in the US.
NZDUSD faced a sharp decline yesterday but failed to complete the correction pattern. Now the pair is finding support at 0.66200 and the resistance line is 0.66740. The price is consolidating around the weekly pivot point at 0.66500. All indicators are showing bearish pressure. The RSI is below level 50. The MACD line is in negative territory and the Stochastic is moving in low ranges.
NZDUSD is trying to complete the correction pattern by hitting level 61.8 of Fibonacci at 0.66150.
