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Thomson Reuters
Feb 12 - 09:48 PM
NZD/USD - Breaks Higher After RBNZ
First appeared on eFXplus on Feb 12 - 08:10 PM
  • NZD/USD has moved above 0.6815 after RBNZ left rates unchanged
  • RBNZ statement neutral saying next move in rates can be up or down
  • Market priced in dovish RBNZ - so a "sell the rumour/buy the fact" reaction
  • Break above 10-day MA at 0.6815 targets 61.8 of 0.6949/0.6720 at 0.6857
  • Focus now will be on Governor Orr's news conference in less than an hour

Source:
Thomson Reuters IFR Markets

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