NZD/USD is expected to trade with a bearish outlook. The pair retreated from 0.7260 and broke below its 20-period and 50-period moving averages. The relative strength index is bearish and calls for a further decline.

To sum up, as long as 0.7260 holds on the upside, a further drop to 0.7200 and even to 0.7185 seems more likely to occur.

The black line shows the pivot point. Currently, the price is above the pivot point which indicates the bullish position. If it remains below the pivot point, it will indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7280, 0.7300, and 0.7325

Support levels: 0.7200, 0.7185, and 0.7150