The New Zealand dollar gave in to the comeback of the US dollar. A busy schedule awaits kiwi traders this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
The kiwi dollar had no fundamental data to lean upon, but its basic strength meant it weathered the dollar storm better than other currencies. US data seemed better with a positive read on services and a good JOLTs number. It was the more hawkish than expected FOMC minutes that gave the greenback the real boost. Talks about a hike in June were to key to the greenback comeback, despite the NFP that practically came afterwards.
Read the rest of the article NZD/USD Forecast Apr. 13-17