The direction of the NZD/USD on Wednesday is likely to be determined by trader reaction to .7204.
Economic data from the Eurozone and the U.S will be in focus today. On the monetary policy front, the BoE will deliver direction for the Pound.
The AUD/USD is dropping because domestic yields are falling, making it a less-attractive investment. Yields on 10-year bonds dipped to 1.68%.