NZD/USD bears pressing for a break of 1hr 200 sma

NZD/USD had been one of the star performers, holding up against an otherwise very bid greenback right until the final hour when it gave way to gravity and tumbled below the 0.72 handle last week. 

DXY rallied to seven-month highs - BBH

NZD/USD has opened the week on the back foot against a string headwind in the US dollar, with bears testing the mid-point of the 0.71 handle within the reversal of the mid-October rally from the 0.7030's. However, it is a quiet week ahead for the bird this week and unless there is a significant turn of events in the greenback that is propped up by expectations of a Fed hike in December, the bird will have very little in the way of domestic catalysts, limited to Sep trade balance on Thursday. The anchor on the bird is down to the divergence between the Central Banks and the RBNZ is expected to ease in the forthcoming months. 

NZD/USD levels

NZD/USD dropped below the 0.72 handle last week and is headed towards the 200 sma on the 1hr sticks located at 0.7139 currently, while below there, 0.7120 and 0.7080 are the next key supporting levels.  to the upside, 0.7200 and 0.7265 (19th Oct high) are key targets. 

NZD/USD 1-3 month:  "Targets 0.6950 or lower as long as the RBNZ cuts to 1.75% in November and the Fed tightens to 0.625% in December, as we expect. (13 Oct)," - Westpac.