Kiwi has been holding above 0.70 since early June. Even Brexit sell-off wasn't able to crack the big level. Yesterday morning, RBNZ implied that they are on hold with rates at least until housing market related macroprudential measures will be implemented.
Unless we get an exceptionally strong U.S. jobs report tomorrow, the pair will likely close above the 38.2% retracement of the 2014 - 2015 decline for the second week in a row. Area between 50.0% retracement (0.7460) and 0.75 is the next targe…
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