NZD/USD chart - Trading View
NZD/USD breaks trendline support at 0.6575 and was hovering around 50-DMA support in early Asian trade.
The Reserve Bank of New Zealand kept the official interest rate unchanged at 0.25% and left the doors open for a potential cut to negative territory in the future.
Kiwi dropped across the board after the Reserve Bank of New Zealand boosts the asset purchase program at its policy meeting.
The RBNZ boosted the large scale asset purchase program (LSAP) by NZD 100 billion, while the markets were expecting a boost to NZD 75 to 90 billion