The kiwi is the big mover in FX as we look towards European trading today. That comes after the RBNZ left its OCR unchanged at 5.50% earlier here. The central bank affirmed that its current policy stance is restrictive enough, dashing hopes of a more hawkish twist. However, RBNZ governor Orr did note that perhaps rates might have to stay higher for longer though.As a result, NZD/USD is being hammered lower to around 0.6110 at the moment. The pair saw its upside break last week limited by the 50.0 Fib retracement level of the swing lower to start the year, seen near the 0.6200 mark. And with the latest shove lower, we're settling back into the range since mid-January.Of note, the drop today w
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