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.


GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 



