KarYong

NZDUSD: Bearish Bias Post RBNZ Rate Statement

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
With the dovish tone from the recent RBNZ Rate Statement, we expect price to fall back below the major resistance level at 0.7235.

Potential short opportunity around the 0.7297 to 0.7314 region targeting the previous low at 0.6991.

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