LimitMarkets

Kiwi sees correction to the rate surprise

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The US dollar pushes back against the surprise jump the Kiwi saw after the RBNZ left the rates unchanged at 1.00 percent. The pair price has entered into and continues a correction to that move. A potential acceleration to the fall could take us back to 0.6350 and later 0.6330 where at the lower line of the slightly straight channel where the upwards move started.

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