Forex Trading: NZDUSD heading toward the lows from earlier this week

The 0.7725 level was the low on the 29 and 30th of April.  A break will target lower levels.

On a longer term basis

On a longer term chart, the Kiwi is below the 100 day moving average but remains above the 200 day moving average at 0.7664.  This will be a key level for longer term position traders who base their positions off of these levels.