NZD/USD Price Forecast: Hangs near two-week low after RBNZ, seems vulnerable below 0.6000

  • The NZD/USD pair fades an intraday spike to the 0.6015 area that followed the Reserve Bank of New Zealand's (RBNZ) widely expected decision to hold rates steady and retests a two-week low during the Asian session on Wednesday. Spot prices currently trade below the 0.6000 psychological mark and seem vulnerable to slide further amid a broadly stronger US Dollar (USD).