THE RBNZ SHOCKS THE MARKET...NZDUSD UPDATE
Yesterday we expected to see the RBNZ cut rates by 0.25% however they left rates unchanged.
The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further.
This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs
we could look for a long opportunity.
The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further.
This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs
we could look for a long opportunity.
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