RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are practically no forecasts of a change, and considering recent consolidation but still above trend gains in the Kiwi, it is just another confirmation for RBNZ not to make a surprise move today.
NZD is still overall likely to remain resilient, despite recent economic readings. If I were to choose a direction for the NZD, it would be long.
5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% Previous 1.75%
The Trade Plan
For more information on my trading methods, please read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: NZDUSD.
NZ RBNZ Interest Rates | August 9, 2017 | Currency Trading
August 6, 2017 by Leave a Comment