Kiwi under pressure amid risk aversion and ahead of RBNZ. NZD/USD negative tone prevails, next barrier at 0.6600. The NZD/USD pair turned to the downside after reaching a daily high at 0.6686. Recently it bottomed at 0.6630, the weakest level since September 9. As of writing, it is trading slightly above the lows, under pressure. A stronger US dollar across the board pushed the pair lower. The moves around the greenback are driving price action in the currency market. It continues to outperform amid risk aversion. Equity prices in Wall Street are mixed, but holding onto Monday’s losses. The kiwi is long ground versus the US dollar and remains steady against the Australian dollar ahead of the Reserve Bank of New Zealand (RBNZ) meeting on Wednesday. No change in monetary policy is expected from the RBNZ. “Data has been to the strong side, but the RBNZ will bank that without reaction. The RBNZ will reiterate that it intends to provide substantial monetary stimulus for as long as necessary and will remind us that it is preparing to deploy a negative OCR combined with cheap funding for banks, in case this is required in the future”, explained analysts at Westpac. In the US, economic data came in above expectations on Tuesday (Existing Home Sales and Richmond Fed), having no impact on the US dollar. Fed’s Chair Powell and Treasury Secretary Mnuchin are testifying at the House Financial Services Committee. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN Price Analysis: Daily chart points to further gains, could test 22.00 FX Street 2 years Kiwi under pressure amid risk aversion and ahead of RBNZ. NZD/USD negative tone prevails, next barrier at 0.6600. The NZD/USD pair turned to the downside after reaching a daily high at 0.6686. Recently it bottomed at 0.6630, the weakest level since September 9. As of writing, it is trading slightly above the lows, under pressure. A stronger US dollar across the board pushed the pair lower. The moves around the greenback are driving price action in the currency market. It continues to outperform amid risk aversion. Equity prices in Wall Street are mixed, but holding onto Monday’s losses. The kiwi… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.