The NZD/USD has formed a bearish railway pattern (BRP) on H4 timeframe. The pattern has appeared after a rejection from historical sellers and a trend line. For the next bearish move we should either see a rejection from POC and/or continuation below W H3 camarilla pivot.
The POC zone is 0.7190-0.7205 (BRP, trend line, ATR pivot, W H4, 78.6). Rejection from the zone should target 0.7150 and 0.7135. Only a close below 0.7135 will make a continuation move towards 0.7055 zone. Ideally, the price should stay below 0.7260 for bears to dominate. Have in mind that the NZD/USD is a slow-moving pair so it may take time for the price to move. NZD/USD pair is best suited to intra-week swing positioning.