The NZD/USD pair has slipped below the 0.56 mark. Economists at ANZ Bank note that the kiwi lacks positive attention at present.

Local factors are simply not featuring

“Local factors are simply not featuring, and anecdotally, NZ’s current account deficit is attracting more unwanted attention.”

“In a world where US interest rates are leading the way higher, the NZD needs positive rather than negative attention, and that seems to be lacking at present.”

“Support 0.5470/0.5565 Resistance 0.5820/0.6000/0.6160.”

See – NZD/USD: Unlikely to return to 0.60 in 2022, seen at 0.56 by year-end – BofA