FxWirePro- Major European Indices 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
Chart - Courtesy Trading View
NZD/USD was trading 0.53% lower on the day at 0.5698 at around 11:20 GMT.
The pair has resumed downside after a brief pause on the previous session, outlook remains bearish.
A pickup in the US Treasury bond yields, bolstered by faster Fed rate hikes bets, acts as a tailwind for the greenback, dragging the pair lower.
The risk-off impulse amid growing worries about a deeper global economic downturn also underpins the safe-haven buck.
Technical bias for the pair is bearish. Stochs and RSI are sharply lower. GMMA indicator shows major and minor trend is bearish.
Price action is below cloud and Chikou span is biased lower. MACD and ADX support downside in the pair.
Focus now on the release of the final Q2 GDP report and the usual Weekly Initial Jobless Claims data for impetus.
Support levels - 0.5685 (5-DMA), 0.5604 (Lower BB)
Resistance levels - 0.5787 (200H MA), 0.5899 (21-EMA)
Summary: NZD/USD was trading with a strong bearish bias. The pair has resumed weakness after a brief pause on Wednesday's trade. Scope for further weakness.
