• Broad based USD weakness persists in Asia following dovish FOMC steer overnight
  
  
• Most G10 currencies higher against the Greenback, Kiwi also climbed higher despite weak NZ fundamentals
  
  
• NZ consumer sentiment came in lowest since mid-2012, fell a further 4 points in August from 113.9 to 109.8, data showed Wed
  
  
• Kiwi ignores downbeat consumer confidence and edged higher above the 0.66 handle
  
  
• Price action edges above 10&20 DMAs, and daily Tenkan at 0.6559 offers strong support
  
  
• NZD/USD is currently trading at 0.6603, short-term bias is lower, 4-hourly Stochs and RSI show bearish alignment
  
  

Resistance Levels:

R1: 0.6624 (Session High Aug 19)

R2: 0.6650 (Daily High Aug 12)

R3: 0.6675 (Daily High Jul 31)

Support Levels:

S1: 0.6589 (21-Day MA)

S2: 0.6584 (10-Day MA)

S3: 0.6550 (Session low August 19)