NZD/USD chart - Trading View
NZD/USD has erased early gains, slipped lower from session highs at 0.6889 and was trading unchanged at 0.6863 at around 11:25 GMT.
The major plunged lower on Wednesday's trade and closed 1.28% lower, breach below daily cloud has opened downside.
Momentum is with the bears, Stochs and RSI are strongly bearish. MACD is in the negative territory, supports downside.
Focus now on the release of the final US Q2 GDP print along with the Weekly Initial Jobless Claims.
Fed Chair Jerome Powell's testimony before the Committee on Financial Service and the US bond yields will also influence the USD dynamics.
Price action is grinding lower in Sloping Channel pattern, scope for further downside. Next major support lies at 200-week MA at 0.6762.
