The last 24-hours can be broken into ‘before’ and ‘after’ the US Federal Reserve announcement. The NZD/USD was on an ascending trend against a broadly softer USD overnight, ahead of the announcement. Afterward it plunged from 0.8040 before finding some support around 0.7860. Key support for the NZD/USD today remains just below 0.7800, which marks the early
June lows.
Read the full report: FX Daily
BNZ