Kiwi: Is it justified up here? - ANZ

Analysts at ANZ explained that despite a hawkish tilt to yesterday’s FOMC decision, the USD remained on the defensive overnight, leaving the NZD with really only one way to go. 

Key Quotes:

"Is it justified up here?

Not in our opinion. But the USD is struggling for friends at present and that is a hard thing to stand in the way of. Tonight’s non-farm payrolls release is now in the spotlight.?