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NZD/USD. In the downtrend.

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZD is weakening against the USD. Here are several factors that may affect the price of the currency

Fundamental factors

The most important news for the next week is being released on Wednesday

RBNZ interest rate decision is beign published at 01 a.m. GMT

Also Core CPI and CPI in the US is published at 1:30 p.m. GMT

At 4 p.m. Fed Chair Powell will speak

Technical factors

All main indicators are heading down

MACD lines are decreasing
DM+ broke DM- down
Williams %R broke its lower line and is in oversold zone

The target for the price may become 0,63000
The resistance line is on 0,64000

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