Analysts at ANZ explained that NZD/USD tested topside resistance overnight, but has the feeling that a better run of domestic data over the next week could see this broken.
"While interest rate differentials remain important, so too do trade developments.
One of the easiest ways to improve the US trade balance is through a lower USD, however there also needs to be an open for business mentality on both sides. The renegotiation of NAFTA remains a must watch to test how the US administration plans to walk this tight rope."
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