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NZD/USD consolidates around 20-DMA after a massive slump witnessed in the Asian session.
- Cautious trades ahead of the Fed outcome weighs on the demand for higher yielding currencies
- The downside in the Kiwi remains cushioned on the back of expectations that the RBNZ will keep rates-on hold
- A relief rally seen in oil prices also offers some respite to the resource-linked NZD
- The pair is currently trading at 0.6732, with immediate resistance at 0.6790 (Daily Tenkan) and support at 20 DMA by 0.6683
