PRICE GOT REJECTED FROM 0.66821 WHICH IS A GREAT CONFLUENCE OF RESISTANCE OF GOLDEN ZONE, ALSO NZD WILL HAVE NEGATIVE RATES AND STIMULUS PACK WILL NOT BE PASSED BEFORE ELECTIONS
Trade active:
NZD/USD prints mild losses while staying near recently favorite range near mid-0.6600s.
Comment:
On Wednesday 14 Sept 2020, RBNZ Assistant Governor Christian Hawkesby reiterated the bearish bias at the New Zealand central bank. The policymaker said that there are no concerns that negative rates are problematic for banks. On the other hand, RBA’s Lowe also sounded downbeat while citing possibilities of further rate cuts to 0.10% from the current 0.25%
Trade closed: target reached:
TP HIT