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capitalpropertiesfx
Jul 24, 2014 8:04 AM

NZDUSD after RBNZ 

New Zealand Dollar/U.S. DollarFXCM

Description

Kiwi pushed lower after RBNZ press conference. Eventhough the central bank raised the rates from 3.25 to 3.50 the market decided to play a little trick on news traders and sold off instead. This kind of situatsion is fairly common. However in bigger picture I'd say Kiwi will remain bullish and for now, I'm looking to see if we reach the 0.8500 area.
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