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NZD/USD holds above 0.83, RBNZ main focus

FXStreet (Bali) - NZD/USD is presently in a consolidation pattern around 0.8320, having recovered off 0.8270 lows last Friday, in response to a weaker-than-expected US NFP, which may seen as an opportunity to sell the pair at better value levels.

According to Jim Langlands, Founder at FXCharts: "The 100 WMA is right here at the 0.8300 pivot and could well continue to act as a magnate over the next few sessions."

On the fundamental space, the focus for the coming week, as Jim notes, "will be on Thursday’s RBNZ meeting, at which no change is expected following the recent hikes, but traders will be paying close attention to the Policy Statement/ Press Conference at which there will most likely be another attempt to talk the Kiwi lower."

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