• NZD/USD saw a minor recovery on the Fonterra news this week, but downside pressures continue as we head towards the end of the week
  
  
• NZD/USD is currently trading at 0.6345 with a high of 0.6353 and a low of 0.6295 on the day
  
  
• Daily Tenkan at 0.6346 is strong resistance on the upside, while support on the downside is located at 0.6295 (day's low) 
  
  
• Broad based USD strength seen across the board after Fed chair Yellen kept alive 2015 Fed rate hikes in a hawkish speech overnight
  
  
• A break of 0.6329 (20 DMA) to the downside exposes the 50 SMA at 0.6320 and 0.6250 trend-line support beneath there
  
  
• US GDP data due later in the U.S. session in focus for further direction in the pair