NZD extends gains post-RBNZ; tests channel resistance

  • NZD/USD now testing the upper channel, after it has broken above .6650 resistance
  • Kiwi has been bid since the RBNZ announcement; market was expecting more dovish comments and some even saw the possibility of a 50bps rate cut
  • Key resistance now noted at .6740/50, which looks like a good level to either add to existing shorts or reestablish them

NZD

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