NZD/USD seems to be losing momentum

(Daily Chart)

(Hourly Chart)

Looking at the charts above, NZD/USD seems to be losing momentum as it's nearing to the peak which was last seen in Sep 2016, resistance point at 0.7481.

Hence it is worth keeping a lookout of a retracement as it's nearer the area, or it might just continue its current descent to break through the 50MA and continue going downwards despite the economic instability in the US market.

All the best for a start to a whole new week!