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NZD/USD chart - Trading View
The Reserve Bank of New Zealand (RBNZ) keeps rates at 0.25%, announced additional stimulus measures.
The central bank expanded the quantitative easing (QE) programme size to NZD60 billion from $30 billion, as expected.
RBNZ said it is prepared to cash rate further, negative official cash rate (OCR) will become an option in the future.
Offer tone around the Kiwi has strengthened after a dovish RBNZ pushing the pair lower.
NZD/USD was trading 0.80% lower on the day at 0.6028 at around 02:30 GMT, bias bearish.
Price action has broken below 20-DMA and Wedge base support to dip into the daily cloud.
Technical indicators support further weakness. Dip till lower Bollinger band at 0.5939 likely.
