Good resistance on the NZD/USD

On the daily chart of the NZD/USD we can see that the pair has been dropping steadily from the high at the 0.7559 level to break below the 55 day EMA (purple line) and below the 0.7300 level to come very close to the 0.7200 level. Since the breakdown below the 0.7300 level, the pair has been trying to break above that zone, but it has not been able to do so. The 55 day EMA is acting as a very good resistance. The bullish momentum seems to be accumulating around the 0.7300 zone and a breakout of that level could accelerate the price to the 0.7400 level or even the 0.7500 level. On the other hand, a bearish bounce from the 0.7300 level could take the NZD/USD to the 0.7200 level or the 200 day EMA. Below the 200 day EMA, its most relevant support is the 0.7100 level.