Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (0.7270). . If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . NZDUSD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 30.48.