The New Zealand dollar was pressured lower in a week that saw global worries. Business confidence is the highlight of the week. Will we see new lows? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
New Zealand’s trade balance widened more than expected, crossing the one billion mark. This isn’t supportive of the kiwi. In the US, the dollar fell on weak data but eventually received the bullish boost from Yellen. She made it clear that rates are rising in 2015.
Read the rest of the article NZD/USD Forecast – Sep. 28 – Oct. 2