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Nov 10 - 10:55 PM

NZD/USD - Tracking Higher After RBNZ Leaves OCR On Hold

By John Noonan  —  Nov 10 - 09:10 PM
  • NZD/USD has broken above 0.6850 after trading as low as 0.6809 after RBNZ nL4N2HW0O5

  • RBNZ maintained dovish bias, but didn't clearly commit to negative rates

  • RBNZ reiterated negative rates were on the table, but gave no hint on timing

  • Stops in the NZD/USD were triggered above Monday's 0.6854 high to 0.6868

  • After fresh 19-month high, next resistance is at Dec 2018 high at 0.6969

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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