Despite the fact RBNZ are paying the highest interest rates among G10 currencies traders have continued to short NZD when RBNZ hinted the rate hikes may not be aggressive as previously thought. They also talked of potential intervention by shorting NZD if the overpriced Kiwi Dollar remains among poor fundamental data. Price has been within a steady downtrend for the past month until price reached 0.840. 0.840 is a key level of support which was successfully defended following last Thursday's' ECB meeting, and the Greenback sell-off. NZDUSD posted its single largest day gain since March '14, respecting the 200-day eMA ... (full story)