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Nov 13 - 03:48 AM
NZD/USD - Surge On RBNZ Pause Is No Green Light For Bulls Yet
First appeared on eFXplus on Nov 13 - 12:35 AM
  • NZD/USD surged after the RBNZ unexpectedly held rates nL4N27S03C

  • But bulls ought to hold back until Wed closing above 0.6420

  • That would blow through Ichimoku Cloud top and enter uptrend channel

  • Two bullish cues could drive Kiwi past 0.6500 and to 200 DMA 0.6573

  • But ahead of Fed chief Powell's speech today, NZD rally in check

  • Powell likely casts non-dovish stance, which could buoy USD










Source:
Refinitiv IFR Research/Market Commentary

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