Forex Trading: NZDUSD going sideways after sharp selloff last night

The NZDUSD has been in a sideways to down channel since the sharp selloff last night.  Overnight, New Zealand Employment report came out weaker than expectation with the employment rate rising to 3.6% from 3.4% last month.  The number of jobs lost totaled 28,000, down 1.3%.  The expectation was down 0.1%. 

The topside resistance on the intraday comes in at 1.7730-37 (21 hour moving average and the trendline from the hourly channel). 

On the downside, the 200 day moving average comes in at 0.7665.  This will be watched as a level of support should the donwside be tested.