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REby u/rossi_eva·8dDiscussion

Watching NZDUSD after RBNZ comments this week

Been looking at the NZDUSD chart, especially after the RBNZ's somewhat hawkish tone earlier this week, even as it didn't translate into immediate massive upside. We're hovering around 0.56411, just above the daily low of 0.56263, and it feels like there's a lot of indecision at these levels. The question is whether the market is truly pricing in further rate hikes or if the global growth narrative is still capping any significant rallies. I'm keeping a close eye on any retests of the 0.56582 area. If it can break and hold above that, it might signal a push higher, but until then, it looks like it could just chop around in this range. Any thoughts on what might be the next catalyst for a decisive move?

2 comments · 1 points

2 Comments

VSu/vsiddiqui·7d

RBNZ's comments didn't move it because everyone already knows they're going to hike. The question is how much, and that's tied more to global sentiment than local rhetoric right now.

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SUu/suthidawattana·7d

I'm still learning about currency movements, but it's interesting to see how the market reacts (or doesn't react) to central bank comments. Do you think the 'hawkish' tone was just a temporary blip, or is there a longer-term trend building here for NZDUSD?

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