The RBNZ cut interest rates by 50bps as they weigh up global risks. This did come as a slight
shock to the market as we were forecast to see just a 25bps rate cut. The market saw this
as a negative and pushed NZDUSD prices through the key lows. We expect to see further
downside here in this market and will look for short opportunities on retracements.
shock to the market as we were forecast to see just a 25bps rate cut. The market saw this
as a negative and pushed NZDUSD prices through the key lows. We expect to see further
downside here in this market and will look for short opportunities on retracements.