NZD/USD chart - Trading View
NZD/USD was trading 0.05% lower on the day at 0.7202 at around 07:10 GMT, extends previous session's weakness.
The Reserve Bank of New Zealand (RBNZ) policymaker Peter Harris said in a statement on Wednesday that the central bank is not quite near to meeting its employment objective.
He added that unemployment remains 'relatively high, no material signs of wage inflation seen and there is no need to remove monetary stimulus right now.
On the other side, markets remain cautious ahead of the US Federal Reserve’s monetary policy decision.
The Fed is unlikely to offer any hints of tapering while keeping the monetary policy unchanged. Focus will be on Powell’s statement for cues.
Daily cloud caps upside, overbought oscillators warrant caution, scope for some pullback. Next major support lies at 21-EMA at 0.7144.
