RBNZ Governor Orr has reiterated that there is more work to do to reduce inflation.
Meanwhile, there has been a double bottom in ND/USD that could be significant, at least for the Asian day ahead on Wednesday.
A break of the dynamics trendline resistance could be an opportunity for traders to look for a discount and target a significant correction towards the midpoint of the day's range near 0.5585 on a break of 0.5575. Bearish below 0.5550.
