Same levels to watch again
After a fall out of bed on the back of weaker AUD retail sales and a better NZD employment report, RBNZ managed to to turn the ship around in some fashion with a 1% spike in the cross.
Calling for inflation to hit target with 1-2 years delay and expecting the NZD to ease off did the trick.
We’re back through the 1.0830 , hovering around the 200DMA at 1.0848 .
These will be the levels to watch imo for a hold or a return back below 1.08 at close of business today. A hold should see a retest of the 1.0925 area.