Price has not been below since mid May
The NZDUSD is trading down to the 200 day MA at the 0.70216. The price is not traded below the 200 day moving average since mid-May. There should be support buyers on the test but over head resistance is relatively close at the 0.7050 level.
If the support holds there the price needs to get back above a broken trend line on the 5- minute chart (see chart below at 0.7035). Then resistance at the 0.70468 and then 0.70546. Sellers are in control, but support may attract some profit taking. Look for stops below 0.7020 area.
