The New Zealand dollar clawed back some losses after the country’s unemployment rate dropped to 4.7%.
The pair is heading south after having met tense selling pressure near the daily resistance at 0.7300. Strong momentum below 0.7150 then 0.7125 is an indication that buyers are currently out of the picture.
0.7210 may cap a brief rebound after the RSI went into oversold. A fall below 0.7120 could deepen the correction.
