Fundamental Forecast for the Kiwi: Bearish
- NZD/USD Short Term Trendline Near .6700
- New Zealand Dollar in Position to Strengthen
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NZD/USD may continue to retrace the decline from the October high (0.6896) as subdued wage growth in the world’s largest economy drags on the Fed outlook, but the outcome of the Reserve Bank of New Zealand’s (RBNZ) December 10 policy meeting may drag on the exchange rate should Governor Graeme Wheeler and Co. show a greater willingness to further embark on its easing cycle in 2016.