The New Zealand dollar found it hard to recover after the previous blows and reached new lows. The focus is now on the bi-weekly milk auction and the ANZ Business Confidence.Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
Consumer sentiment dipped in Q1 according to Westpac. Also visitor arrivals slowed down. On the other hand, kiwi shoppers are still on the move. In the US, data has been generally positive, with home sales leading the way. The Greek crisis has a small indirect impact on this pair as well.
Read the rest of the article NZD/USD Forecast June 29 – July 3