The Kiwi keeps struggling with the 0.7300 level

The New Zealand Dollar versus the US Dollar has come back to the downside after the inflation data out of the US propelled the greenback versus its major counterparts. On the daily chart of the NZD/USD we can see that during the last three days the pair has found a good support around the 0.7300 level. Due to the various occasions in which the price has visited that 0.7300 level, the probabilities of seeing a breakdown have risen. If a breakdown of the 0.7300 is confirmed, then the bearish momentum may accelerate the price to the 0.7200 level.