kiwi

Reviewing the Kiwi USD chart below, you can notice the Kiwi's descent against the USD from 27year highs at .8220 made in March of this year. The more abrupt descent highlighted below occurred after the July 23rd New Zealand rate reduction (8.25% > 8%). Utilizing the aforementioned highs and August 2007 lows, we see the Kiwi breaking down and subsequently retracing through 38.2%, 50% and 61.8%. Currently the pair has found some support here on the highlighted trendline, but a breakthrough can lead to support at yearly lows (.6648).

Visitor Arrivals-  Amount of visitors to New Zealand with intended length of stay less than twelve months.

 Prior +9.4%

Actual- -1.4%