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BlueberryMarkets

THE RBNZ SHOCKS THE MARKET...NZDUSD UPDATE

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
BlueberryMarkets  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forextrading blueberrymarkets NZDUSD rbnz
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trendanalysis chartpattern indicator forex forextrading blueberrymarkets nzdusd rbnz
Yesterday we expected to see the RBNZ cut rates by 0.25% however they left rates unchanged.
The RBNZ also stated they don't see any need to cut rates further at the moment which will likely strengthen to NZD further.
This decision saw the NZDUSD price jump and break above Monday's highs. If the price retraces to the Monday highs
we could look for a long opportunity.
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