NZD/USD (a 4-hour chart)
The NZD/USD pair was under pressure as the fresh hopes for a U.S. rate hike in 2016 continued to weigh on the kiwi.
The NZD/USD remained under pressure. The price continued to grind lower after an unsuccessful attempt to regain the 0.7250 level. Buyers were just able to push the quotes towards 0.7260 where sellers got the ball and lead the price down. The resistance is at 0.7250, the support comes in at 0.7150.
MACD decreased which confirms the strength of sellers. RSI continued moving towards the oversold area.
The pair left behind the 100-EMA and is trending towards the 200-EMA which acts as a support for the price. The 200-EMA is still bullish, the 50 and 100 Day EMAs are turning down fallowing the price.
Moving below the 0.7270 support (100-EMA) would suggest a resumption of the bear trend. The NZD/USD shall decrease to the 0.7180 region where the 200-EMA lies. A successful break of the 200-EMA will prolong a downtrend towards 0.7150.