NZD/USD: US dollar taking over below 200 4hr sma

NZD/USD is currently trading at 0.6807 with a high of 0.6834 and a low of 0.6779.

NZD/USD has been faded through 0.6820 and trades back below the 20 1hr sma having tested the bull's commitments at the 0.68 handle having made a low of 0.6798.

NZD/USD has been traded as linked to the ebbs and flows elsewhere and has been relatively sidelined since the GDT report yesterday coming at 3.6% and lifting the spirits of the kiwi bulls. Commodities are consolidating and heads are turning back to the dollar and Yellen next week ahead of the Fed decision this week. 

US Dollar turns positive near 95.50

US ADP Employment matches estimates - ING

Data is mixed from the US economy and bets have been dwindling for a rate hike as soon as June as July keeps popping up on Fed speak. 

Fed's Kaplan: Getting near the point where it makes sense to hike in either June or July

NZD/USD levels

NZD/USD has been capped at 0.6833 and at the top of the 0.6675 rally while pressures weigh on bulls buying dips in the vicinity of the 0.6780/00 level where the 200 and 50 sma's merge on the 1hr sticks. The 200 sma on the 4hr chart sits at 0.6832 and the 100 sma on the same time frame is located at 0.6765.