FXStreet reports that analysts at Credit Suisse note a close below NZD/USD's recent lows at 0.6981 is set to turn the short-term risks lower within the broad range.

“A close below the 50% retracement of the July/August upswing and the aforementioned price lows at 0.6988/81 would turn the short-term risks lower within the broader range, with next support seen at 0.6933/29, then 0.6878.”

“We would expect 0.6805 to define the bottom of the range, with our broader outlook staying neutral.”

“Near-term resistance moves to 0.7034/36, above which would relieve the recent downside pressure. Only a break above the aforementioned downtrend at 0.7114/16 would reassert conviction in a move higher.”