By Andrew M Spencer — Apr 12 - 10:15 PM
+0.1% ahead of RBNZ and trades +0.2% as NZD +0.6% on 50pt hike to 1.5%
RBNZ surprised but no shock to markets - maintained February outlook
Charts; momentum studies conflict 21 day Bollinger bands contract
5, 10 & 21 day moving averages coil - signals suggest consolidation
0.7346 and 0.7593 21 day Bollinger bands likely define the broad range
Earlier 0.7443 low and 0,7481 NY high initial support and resistance
For more click on FXBUZ
aud 2 Apr 13 Click here
Source:
Refinitiv IFR Research/Market Commentary