On Wednesday RBNZ is expected to cut rates, but will they? As Fed is about to hike, maybe RBNZ wait to the next meeting. Nevertheless, there is a great chance to cut this week, being so, I see 0.69 (or close to that) as a nice sell level if price gets there.
Note
If price doesn't reach these levels, a good opportunity will be on the touch of the trendlineNote
RBNZ cut was as expected, but the statement was very bullish. Still wanting to sell at higher levels or if there is a great setup at the trendline.
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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.