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Nov 22 - 10:55 PM

NZD/USD - Retreats After Failure To Take Out 0.6300

By John Noonan  —  Nov 22 - 08:40 PM
  • NZD/USD fell back to 0.6150 after trading as high as 0.6193

  • RBNZ delivered a 75 BP hike and even considered a 100 BP increase nL1N32I2JS

  • The statement and minutes were more hawkish than expected nS9N2UZ02K

  • RBNZ projected a 5.5% OCR December 2023 (previously 4.10%

  • Resistance is at the Nov 15/Nov 18 double-top at 0.6200/10

  • A break above 0.6210 puts the key 200-day MA at 0.6310 in focus

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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