NZDUSD Running Lower Post RBNZ Rate Decision

Wednesday, 28 February 2024, 16:30

The NZDUSD is facing a downward trend after the RBNZ's dovish rate decision. During the US session, the pair has broken below the key support of the 100-day moving average at 0.60917, with the 200-day moving average at 0.60757 on the horizon.
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NZDUSD Running Lower Post RBNZ Rate Decision

NZDUSD Running Lower Post RBNZ Rate Decision

The NZDUSD experiences a decline following the more dovish rate decision by the RBNZ. As the US session unfolds, the price has fallen below the crucial 100-day moving average of 0.60917, while the 200-day moving average presents a significant level at 0.60757.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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