Fundamental OverviewThe USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment which is generally negative for the greenback and benefited the other major currencies. The NZD, on the other hand, got a boost today from a hawkish RBNZ decision where the central bank pushed further out the timing for a rate cut and even added that they considered a rate hike. The currency should remain supported amid the positive risk sentiment and a hawkish RBNZ for the time being. NZDUSD Technical Analysis – Daily TimeframeOn the daily chart, we
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