NZD/USD: the greenback is evidently stronger and is exposing levels below the hourly support line. “Positioning in the NZD has likely become cleaner” –  ANZ Bank New Zealand Limited, (ANZ). NZD/USD has been consolidating above the descending the prior channel’s resistance and above the 4hr 100 & 10 SMA at 0.6830 and 0.6838 but remains below 0.6868/21-D SMA. However, the greenback is evidently stronger and is exposing levels below the hourly support line developed in early July trade. Currently, the bird is trading at 0.6837, with a high of 0.6859 and a low of 0.6829. The  reversal of the supply of the June business less convincing The bird has been in a reversal of the supply of the June business up at 0.7060 having broken up through the descending channel’s resistance on the 4th July and not looking back since. “We believe positioning in the NZD has likely become cleaner, and therefore we’d look to start fading this recent move higher,” analysts at ANZ argued. Meanwhile, for the day ahead the June ANZ Truckometer comes in at 10 am local time for NZ, then June electronic cards transactions at 10:45 am and the June Monthly Inflation Gauge at 1pm.  NZD/USD levels 0.6770 is the key support while 0.6860 remains as the first key upside target to break. 0.6920 is a line in the sand, that if broken, puts the bulls back in control and the June highs will be up for grabs. However, bulls really need to get above the 200-month moving average resistance at 0.7007 because longer-term technicals remain bearish. 0.6787 is where the 10-D SMA is located, back in the descending channel, a few pips above last week’s closing daily stick’s low.  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: Cable bulls hold tight above 1.3250 level FX Street 4 years NZD/USD: the greenback is evidently stronger and is exposing levels below the hourly support line. "Positioning in the NZD has likely become cleaner" -  ANZ Bank New Zealand Limited, (ANZ). NZD/USD has been consolidating above the descending the prior channel's resistance and above the 4hr 100 & 10 SMA at 0.6830 and 0.6838 but remains below 0.6868/21-D SMA. However, the greenback is evidently stronger and is exposing levels below the hourly support line developed in early July trade. Currently, the bird is trading at 0.6837, with a high of 0.6859 and a low of 0.6829. The  reversal of the supply… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.