The RBNZ is expected to keep rates unchanged at 3.5%.
The key levels in play 0.9241 and then the 50% retracement level at 0.8258. Get above them, and the market will be looking toward the 100 hour MA at the 0.8277 and the 200 hour MA at the 0.8310 area .
On the downside, the low at the 0.8207 and then the 0.8091 will be eyed. A break and the pair will next target the 0.8122 (61.8% of the move up from the 2013 low to the 2014 high.
The hourly chart maps out the major technical levels for the NZDUSD
Below is a video preview of the decision and the technical levels to eye after the decision.
Remember: Event Risk, Liquidity Risk and Market Risk is at high levels. So be sure to adjust trade positions accordingly for the added risk.
