In case you missed the decision earlier: RBNZ leaves it cash rate on hold at 5.50%, as expectedThe pressure is staying on the New Zealand dollar today, as it is holding at the lows for the day currently. NZD/USD is down 0.8% to near 0.6070 and is testing key support levels once more.The confluence of the 100 (red line) and 200-day (blue line) moving averages at 0.6067-71 is in focus now. That has been a key region in holding the pair from falling further at the end of June and the start of July.With the RBNZ now teeing up rate cuts in their upcoming final three meetings this year, the kiwi might find it hard to get off the floor now. That especially as other major central banks are not sendi
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