NZD/USD has broken the two-week consolidation lower as it was being held at the 61.8% retracement of the February 2021 highs to August 2021 lows at .7212.
The break of the .7140 level trigged selling to the 200dma at .7092, and now rallies back to the .7140/50 level should offer some levels for fresh selling towards the .7050 double top target.
Keep in mind Wednesday is the FOMC which obviously could negate this pattern especially if the FOMC tapers bond purchases to expectations of 15bln a month, which would be within consensus estimates.