NZD/USD bulls have stepped in trying to correct with eyes on 0.62s NZDUSD Technical Analysis
´´The Kiwi is a touch higher this morning after a whippy night that saw it recover, then slide, then bounce through mixed US data, and a rebound in equities and commodities,´´ analysts at ANZ Bank explained.
Meanwhile, the Reserve Bank of New Zealand is around the corner. The analysts at ANZ Bank said that theya follow-up 25bp OCR hike at the May MPS, taking the OCR to 5.5%, ´´which appears to be the Committee’s ‘happy place’, where they can ‘watch, worry and wait’.´´ If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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