The dollar NZD> New Zealand dollar began trading sharply lower and continued to decline at the end of the Asian session after inflation data in New Zealand pushed the expected timing of the next increase in interest rates by the Reserve Bank of New Zealand.

The dollar NZD> New Zealand dollar traded higher against the dollar by 0.09% before the announcement of decisions on monetary policy of the Federal Reserve (Fed) and the Reserve Bank of New Zealand (RBNZ).

US market at the moment showed the worst decline in over a three day period, starting in 2011. Another loss of the S & P 500 accounted for more than 1.5%. So, Friday was observed approaching index to the key level at around 1900 points, but on Monday the level was successfully broken.

On Tuesday, the pair NZD / USD has once again updated the minima and fix a significant support level 0.8080. Nevertheless, further decline was not followed, and since the opening of trading on Wednesday, the couple returned to 50% of yesterday's movement. The general mood remains bearish: the values ​​of technical indicators point to a distinct advantage of sellers. To confirm the ability of the pair to continue to decline at the marked level of support necessary to wait fixing weekly candle below it.
 

New Zealand Dollar, on 20 August, managed to strengthen against the dollar after the greenback weakened against the backdrop of instability in other markets. The economic data from the United States showed that the slowdown in growth in many countries has a negative impact on the United States. This led to the desire of investors to buy the yen, gold and Treasuries USA.