The New Zealand dollar .was certainly affected by the central banks, the local one and the US one in a busy week and lost a lot of ground. The action continues with quarterly employment data as well as other events. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
It all seemed rosy for the kiwi at first, but things turned negative quite quickly. The RBNZ pushed the kiwi lower by opening a crack for potential rate cuts and complaining about the strength of the kiwi, as usual. This continued the trend already seen beforehand. In the US, poor GDP data was countered by a relatively optimistic Fed and a greenback comeback.
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