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Kiwi Dollar Prepares for RBNZ Volatility

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The New Zealand Dollar had a relatively mixed week as the pair saw a negative sentiment from the sharp decline in NZD CPI to -0.5% as well as some buoyancy from the poor US jobless Claims figures. Ultimately, the Kiwi Dollar ended the week gaining around 50 pips. Moving forward, the NZD appears to be faltering and could challenge the supportive 64 cent handle in the coming days as the RBNZ’s OCR decision falls due. The week ahead is likely to be critical for the pair as it faces a slew of US

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