Rose on PM Key’s remarks
The NZDUSD shot higher in trading today on the back of PM Key’s comments that the currency’s slump was faster than expected. This led to a sharp rise in the currency up to the 100 hour MA and the 38.2% of the move down from the most recent high (and high for the month of July) at the 0.65988 level.
Forex technical analysis: NZDUSD is up and the biggest mover today but rate cut ahead
