Potential major downside from key risk events.
Likely to hear more hawkish RBNZ since inflationary measures have been building and imported likely to kick in soon.
Only dampener will be household debt that will continue to weigh on rate expectations since wage growth continues to be mute and outstripped by rental and housing costs.
This may be the start of the daily correction and not likely end of the weekly upward retracement. Though with GBP political outlook - happy to take on additional risk incase this is in fact a larger correction from a weaker Pound.
Will be fishing for GJ shorts as well for weekly confirmation if prices break 147.720