In this video update, we take a look at NZDUSD as we expect the RBNZ to cut interest rates.
If the RBNZ continues to be dovish and talk of future rate cuts we could see the market
test the key lows at 0.64500. In these situations, we often see a reversal as the bigger
players could have priced in the rate cut. Price is testing the yearly lows currently and could
find support here.
If the RBNZ continues to be dovish and talk of future rate cuts we could see the market
test the key lows at 0.64500. In these situations, we often see a reversal as the bigger
players could have priced in the rate cut. Price is testing the yearly lows currently and could
find support here.