200 hour MA/50% retracement trade
The RBNZ cut rates, said more is expected and that the currency was too high. The NZDUSD tumbled and then stalled. The price then shot up in the London / Europe morning session. The markets just like to take their ounce of flesh. Markets still remain nervous and choppy in the first post-summer week.
Forex Education: NZDUSD moves back toward days lows, but why did the correction stall?
