Can the price now stay below 0.7237-43

Looking at the hourly chart, the NZDUSD squeezed above the 0.7237-43 area. THis area had some swing highs and lows going back to July 4th. If the price can stay below, there should be some further selling momentum. If it moves back above, get out....

A move lower would run counter to the GDT price index which showed a 6.6% rise at the current auction. So traders should be cautious.