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NZDUSD after RBNZ, still looking at the range
Still watching $NZDUSD after the RBNZ held rates steady as expected. The market seems to be digesting the slightly hawkish tone, but 0.56411 isn't exactly screaming breakout. It's staying within the familiar range for now, suggesting some hesitation before making a firm move, likely waiting on further data points or a clearer signal from other central banks.
1 comments · 1 points
Agree, the hawkish tone wasn't enough to push it out of the established range. Seems like the market is waiting for something more substantial than just a verbal commitment. Do you see any technical levels breaking before the next round of CPI data?