- NZD/USD continues to remain undermined following the latest downbeat building consents data and a broadly strong dollar.
- FOMC offered no cues on rate-hike timings although acknowledged improving US economy which boosted the USD broadly.
- New Zealand's building consents fell a seasonally adjusted 4.1 percent in June compared with no change in May, data showed on Wednesday.
- NZD/USD currently trades 0.6631, recovering slightly from fresh session lows of 0.6620.
- Immediate resistance is located at 0.6646 (4h Kijun-Sen) and then at 0.6698 (July 23 High) levels, above which it could extend gains 0.6716 (July 28 High).
- To the downside immediate support might be located at 0.6612 (4h Cloud Top) below that at 0.6601 (Daily Low Jul 28).
R1: 0.6646 (4h Kijun-Sen)
R2: 0.6679 (4h Tenkan-Sen)
R3: 0.6740 (4h 200 MA)
Support Levels:
S1: 0.6612 (4h Cloud Top)
S2: 0.6601 (Daily Low Jul 28)
S3: 0.6596 (10-Day MA)
