RBNZ Financial Stability Report decreases easing thoughts
The RBNZ financial stability report came in less dovish than expectations and that helped send the NZDUSD sharply to the upside. The price stalled against the 100 hour moving average in Asia-Pacific session on two separate occasions. HOwever, in the NY session follow through buying as sent the pair above the MA level and to the next target against the 38.2% retracement level.