RBNZ surprised the market by cutting interest rates by 50 basis points when only 25 points was priced in.
After a sharp drop following the decision, buyers eventually came in and pushed price back up to trendline resistance.
A break above resistance and we could see a push up to 0.6540 level before another potential move to the downside
After a sharp drop following the decision, buyers eventually came in and pushed price back up to trendline resistance.
A break above resistance and we could see a push up to 0.6540 level before another potential move to the downside