Yesterday the RBNZ announced that they had left rates unchanged at 1.75% however the next rate announcement
will likely be a rate cut. This sparked a bearish move on the kiwi across the board with the RBNZ taking a severely
dovish tone. Now price is back at the trendline support we could expect a retracement before a continued move lower
if we see a confirmed close below the trendline.
will likely be a rate cut. This sparked a bearish move on the kiwi across the board with the RBNZ taking a severely
dovish tone. Now price is back at the trendline support we could expect a retracement before a continued move lower
if we see a confirmed close below the trendline.