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Forex technical analysis: NZDUSD tests MA support again

Discussion in 'Technical Analysis' started by ForexLive, Jan 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    RBNZ decision later this week. The RBNZ will meet and Gov. Wheeler will announce the interest rate decision on Thursday in New Zealand/ Wednesday at 3 PM ET in the US. It is a close call on whether they cut or not with many joining the cut ranks after worse than expected CPI data (-0.5% for 4Q vs -0.2% estimate). Dairy auction prices are also lower and concerns about China prevail. Nevertheless, there remains some who expect no change.

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