SUBSCRIBE TO FEEDFXstreet.com (Barcelona) – The New Zealand dollar is currently within a broad downtrend against the greenback directly following an expected rate hike to 3.00% by the Reserve Bank of New Zealand. The NZD/USD has already lost nearly 90 pips breaking through all listed support levels, to where it quotes around 0.7215.
Over the course of the day, the pair has been steadily pressured lower from the opening price around 0.7320. So far the pair is off 1.38% since that level, and seems to be finding weak support at its current position above the 0.7210 zone.
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