- GDP of China is higher than expect . 7.7% vs consensus 7.6%
China is the main trade partner of NZ where NZ export daisy product.
China economy is positive -- NZD is positive too.
- CPI of NZ is also higher expect 1.5%
The problem is NZ want to keep the below 2% benchmark. Now it is 1.5%, still 0.5% .
RBNZ need to take action to keep in their hand to support for NZ economy.
They will rate interest. They must do. The problem is WHEN .
Next week is RBNZ Meeting and most likely they have some hawkish comments or they will raise . Some news confirm that RBNZ will do it next week.
No matter what they do, NZDUSD will rally cause of good new for NZD.
I hit LONG position, target :0.8430 , Stop Loss at 0.825