Analysts at ANZ explained that the kiwi outperformed in the lead-up to the FOMC but then underperformed following as the Fed delivered a more hawkish statement, providing the USD with a boost.
Key Quotes:
“The bottom of the NZD’s recent range is currently being tested as the spotlight is being shone on widening interest rate differentials. However, recent history has taught us that there is decent underlying demand around this level.”
“Support 0.6880 Resistance 0.7060.”
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