NZD/USD: consolidated between Central Banks ahead of key US data

NZD/USD is consolidating the upside from late July's bullish run at 0.6951 to 0.7220.

NZD/USD has started to break the support of that rising channel, yet bears are hesitant to fully back the greenback since the array of Fed speak of late that has now come into question by many market participants. The Fed have said that they are data dependent, yet that data has been mixed across the board and with the RBNZ putting o the breaks in respect to their easing bias, the bird is catching some support resulting in consolidation. The key events for this week are the Chinese data and the nonfarm payrolls while we await the FOMC towards the end of the month and plenty of catalysts in between. 

NZD/USD levels

With spot trading at 0.7257, we can see next resistance ahead at 0.7261 (Hourly 100 SMA), 0.7267 (Daily High), 0.7267 (Yesterday's High), 0.7275 (Hourly 200 SMA) and 0.7276 (Weekly Classic PP). Support below can be found at 0.7257 (Daily Classic R1), 0.7246 (Hourly 20 EMA), 0.7230 (Daily Classic PP), 0.7230 (Daily 20 SMA) and 0.7220 (Weekly Low).  Looking to candlestick patterns, we can see a Doji formation on the 1-hour chart.

Is there nothing more than the Fed? Please, let's get real