Home / NZD / FxWirePro: NZD/USD bears become active exactly at channel resistance after RBNZ, bulls counter at channel base but major downtrend still intact

FxWirePro: NZD/USD bears become active exactly at channel resistance after RBNZ, bulls counter at channel base but major downtrend still intact

In RBNZ’s MPS, OCR was kept on hold at 1.75%, with a stronger signal that the next move will be up. Following the announcement, the New Zealand dollar fell 110 basis points to the current 0.6830 and the two-year swap rate fell 8 basis points. On the back …
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