Reserve Bank of New Zealand decide to hold this morning and an increase of interest rate bets fail, NZDUSD fell with the news. RBNZ does not want to risk the recovery amid newly found Covid-19 cases and nationwide lockdown news. On the other hand, the Dollar Index is still pushing up causing more bearish pressures for the parity. If 0.6865 support fails, a move to the lower line of the trend channel can be expected. Bearish pressures will continue as long as kiwi stay below 0.71 support.
