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Apr 13 - 11:55 PM

NZD/USD - Choppy But Little Change After RBNZ On Hold

By John Noonan  —  Apr 13 - 10:26 PM
  • RBNZ left policy on hold as expected and the NZD/USD only had a small reaction nS9N2KV00S

  • RBNZ statement stated the outlook remains "highly uncertain"

  • Statement also indicated they could lower the OCR "if necessary"

  • The NZD/USD whipped between 0.7068/48 and has settled unchanged at 0.7060/65

  • Resistance is at April 5 high at 0.7070 and sellers tipped ahead of 0.7100

  • NZD/USD closed yesterday above the 21-day MA (0.7055) so techs lean bullish

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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