Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87.
From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on the 28 periods RSI. A fall could bring NZDUSD back to 0.8550/55
From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on the 28 periods RSI. A fall could bring NZDUSD back to 0.8550/55