"Double Top" in NZDJPY would target 81.55 post RBNZ

4 באפר׳ 2023

The NZDJPY is facing the RBNZ overnight, and with the RBA signaling they will be stationary with monetary policy for awhile may clue in what to expect tonight. The RBNZ is expected to raise rates .25 % however if they chose to come in with more of a dovish stance, the NZD may come under pressure. Expect that a move below the 82.65 level would trigger a double top formation that would target 81.55.