The New Zealand dollar moved on the important RBNZ decision and pretty much liked it. In the last full week of the year we have milk prices and GDP standing out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
The Reserve Bank of New Zealand said its word: rates were cut but are expected to remain steady for some time. In addition, the RBNZ did not seem too worried about the exchange rate, calling it “unhelpful” but not “unjustified”. This gave the kiwi a boost. In the US, tension is rising towards the all important Fed decision, which is at some risk because of market turmoil.
Read the rest of the article NZD/USD Forecast Dec. 14-18