NZDUSD Extends Gains After RBNZ Rate Decision
NZDUSD Extends Gains After RBNZ Rate Decision
NZDUSD is extending gains after the RBNZ Rate Decision.
RBNZ committee expects higher rates will bring inflation back within the target range.
The central bank has decided to maintain its Official Cash Rate (OCR) at 5.5% for the sixth consecutive meeting.
The RBNZ expressed confidence that keeping the OCR at a restrictive level for an extended period would bring consumer price inflation back within the target range of 1 to 3 percent by 2024.
The price broke out from a new small structure zone raising the chances for a bigger bullish wave.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDUSD is extending gains after the RBNZ Rate Decision.
RBNZ committee expects higher rates will bring inflation back within the target range.
The central bank has decided to maintain its Official Cash Rate (OCR) at 5.5% for the sixth consecutive meeting.
The RBNZ expressed confidence that keeping the OCR at a restrictive level for an extended period would bring consumer price inflation back within the target range of 1 to 3 percent by 2024.
The price broke out from a new small structure zone raising the chances for a bigger bullish wave.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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