• 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).
  
  

Resistance Levels:

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)