Todays Analysis NZD Wednesday 12th February
As expected the RBNZ left rates on hold at 1.00%, interestingly though they said that they don;t expect to cut at all this year. So this should be positive for NZDUSD. Price action will be interesting for thje next few days to see what the market makes of this. I have closed my short trade for a reasonable profit and will wait to see what PA tells us whether we get a reversal and go up.
Simon
As expected the RBNZ left rates on hold at 1.00%, interestingly though they said that they don;t expect to cut at all this year. So this should be positive for NZDUSD. Price action will be interesting for thje next few days to see what the market makes of this. I have closed my short trade for a reasonable profit and will wait to see what PA tells us whether we get a reversal and go up.
Simon