The New Zealand dollar continued struggling in the face of the global sell off. And now, the ball is in the court of the RBNZ. Will we see another rate cut? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
New Zealand’s main export, milk, enjoyed another boost from the Global Dairy Trade: a rise of 10.9% followed the previous rise and was encouraging. However, business confidence continued dropping and the global stock sell off continued hurting the kiwi.
Read the rest of the article NZD/USD Forecast – Sep. 7-11