The direction of the NZD/USD on Wednesday is likely to be determined by trader reaction to .7204.
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%.
With no major stats from the Eurozone to consider, economic data from Canada and the U.S will be in focus later today. Manufacturing PMI numbers from the UK also need considering.