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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.