RBNZ’s Mixed Signals Bring Bearish Drive to NZD/USD

Despite another rate cut out of the RBNZ this week, there may be signs of diminishing dovishness as the bank nudged inflation expectations higher for next year. A big level of long-term support sits just below current price action, and this could present a key 'make or break' level on the pair.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/nzd/2016/11/11/rbnz-mixed-signals-bring-bearish-drive-srepstans.html?DFXfeeds=forex:fundamental:forecast:weekly:nzd