The New Zealand dollar managed to reach new highs against the greenback, but it found it hard to maintain these achievements and ended the week full circle. Business confidence and milk prices are the highlights. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
In the US, inflation came out stronger than expected and so did new home sales. This, together with other positive developments, allowed the greenback for a comeback. In New Zealand, we had another month of a positive trade trade balance, but it came in below expectations.
Read the rest of the article NZD/USD Forecast Mar. 30 – Apr. 3