Yesterday the NZDUSD dipped below the 50% retracement and the 200 hour moving average but bounced back above the key levels.  Now, the two indicators are at the same level of 0.7622.  The level is being tested now.  I expect support there. 

Next Wednesday evening the Reserve Bank of New Zealand will meet to discuss Monetary Policy.  The expectation is for no change in rates.  If there is a surprise it would be a cut and/or dovish comments as the economy is slowing and rates are overly restrictive despite the rise in inflation.