There's an interest rate decision due soon from the Reserve Bank of New Zealand (RBNZ), but there are no expectations of any moves - that's expected in Q4 2018.
Although there may be some talk from the RBNZ regarding policy outlook, it's unlikely that anything major will happen in the near-term, which may offer a chance to sell the NZ$$ against the USD - which is expected to see the hike rates one more time this year (This year has gone by so quickly, I almost can't believe it).
Technically, we've seen the NZD fall quite a lot already, but it has found some support at the 2017 lows. The price seems to be capped by the possible , and by the moving average as well.
I am trading this with a sell limit to trigger if the price falls below 0.6870. Target is in the vicinity of the May 2016 low to offer roughly a 2:1 reward / risk ratio.
Maybe things will reverse and the price will collapse tomorrow, but at this point I need look at everything again.
Sell limit deleted without being triggered.