After the breaking of the red-colored uptrend, NZDUSD is trying to hold on above the head and shoulders neckline, 0.7150. If the price continues to stay below 200-hour MA, bearish pressures may resume. If 0.7175 support and 0.7150 necklines broken to the downside, in the short-term 0.71 can be targeted. Eventually, the head and shoulders target price is 0.6985.
For upward moves, over the 200-hour moving average, 0.7240 and 0.7265 can be followed as resistance levels in the short-term.
