GBPNZD Ahead of RBNZ Rate Decision

GBPNZD Ahead of RBNZ Rate Decision

GBPNZD tested again an area that was also tested earlier at the beginning of March 2025

It can be seen that this zone has stopped the price several times in the past.

Tomorrow the market is expecting RBNZ rate decision. It's expected that RBNZ may keep rates unchanged at 3.25%

If the IR decision will be accompanied by hawkish comments during the press conference the NZD can becomes stronger.

NZD is already oversold too much so it can take advantage of this moment.

Key target areas: 2.2500; 2.2380 and 2.2280

You may find more details in the chart!
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