Seems that my prediction on better UK GDP results is awfully wrong.
New Zealand bank maintain their interest rate despite falling dairy product prices.
RBA probably follow similar move by adopting a look-see approach on the after effect of rate increase by banks.
Rebound towards North seems to reach apex point (shown in vertical line) which could signal a move downwards.
This apex point is just a few hours away after FED announcement to maintain interest rate.
Going for SHORT. Target unclear yet. Probably looking at range of 2.08xx.
New Zealand bank maintain their interest rate despite falling dairy product prices.
RBA probably follow similar move by adopting a look-see approach on the after effect of rate increase by banks.
Rebound towards North seems to reach apex point (shown in vertical line) which could signal a move downwards.
This apex point is just a few hours away after FED announcement to maintain interest rate.
Going for SHORT. Target unclear yet. Probably looking at range of 2.08xx.
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