• The New Zealand dollar down around 1.2 percent on the day to 0.6745 against the Greenback in light trade with financial markets there shut for a public holiday.
  
  
• NZD/USD pair should be on its way to achieve further lows the days ahead, the rise from Nov lows has not been supported by volumes.
  
  
• Techs point lower, Stochs have rolled over from overbought levels, RSI shows divergence to price rise, suggesting further downside.
  
  
• Strong support for NZD/USD at 0.6720 (rising trendline support), breaks below would confirm further weakness, pair could then test 0.6680 (Dec 18 lows), further downside could target 0.66 levels.
  
  
• On the flipside resistance is seen at 0.6780 (Dec 21 high) ahead of 10-DMA at 0.6805, close above would negate the bearish bias.

Recommendation: Sell rallies around 0.6770, SL: 0.6810, TP1: 0.6720, TP2: 0.67, TP3: 0.6680

Resistance Levels:

R1: 0.6780 (Dec 21 high) 

R2: 0.6805 (10-DMA)

R3: 0.6842 (200-Day MA)

Support Levels:

S1: 0.6745 (Session low Jan 4)

S2: 0.6720 (rising trendline support)

S3: 0.67 (Dec 14 low, psychological level)