NZDUSD,

Only time will tell whether Peters’ statements mean an NZ First and Labour coalition, under the stewardship of newly minted Prime Minister Jacinda Ardern, will step back from the policies markets have feared the most.

The New Zealand Dollar to US Dollar has stalled at a key trendline at 0.7300 and now analysts see the pair rotating and falling as the New Zealand Dollar (Kiwi) loses ground due to a negative fundamental backdrop.