Don't forget RBNZ decision coming up

Discussion in 'Technical Analysis' started by ForexLive, Oct 28, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Decision at 2000 GMT/4 PM ET As the dollar rises and now correcting off the lows, the RBNZ is getting ready to make their statement at 4 PM. The rise in the dollar has sent the NZDUSD lower to test the 38.2% retracement at the 0.6644. A move below it will look to the key 100 day MA at the 0.6597 level. Below that the 50% at 0.6566 will be targeted.

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