{"id":24524,"date":"2023-04-06T07:03:24","date_gmt":"2023-04-06T07:03:24","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/rbnz-surprise-hike\/"},"modified":"2023-06-29T20:18:42","modified_gmt":"2023-06-29T20:18:42","slug":"rbnz-surprise-hike","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/pt-pt\/rbnz-surprise-hike\/","title":{"rendered":"RBNZ Surprise Hike: Implications and Opportunities"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

Yesterday, the Reserve Bank of New Zealand<\/a> surprised the market with a bigger than expected interest rates increase of 0.5% to 5.25% the move saw the Kiwi dollar strengthening against many of it\u2019s trading partners, and in particular the Aussie dollar, where the Reserve Bank of Australia chose to keep rates put at 3.6%<\/p>\n\n\n\n

AUD\/NZD<\/h2>\n\n\n\n
\n
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AUDNZD 4hr<\/figcaption><\/figure>\n\n\n\n
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AUDNZD D<\/figcaption><\/figure>\n\n\n\n
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AUDNZD W<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

The market has been in a consolidation pattern failing to break either the resistance level<\/a> at 1.08, or the support level at the 1.0670 area. <\/p>\n\n\n\n

The divergence in outlook between the RBA and the RBNZ saw the market breaking<\/a> and closing below the support level of the 1.0670 area, confirming a downtrend on the 4hr chart, and a Lower Low on the Daily chart.<\/p>\n\n\n\n

Drawing the Fibonacci retracement of the latest 4hr move, has the 61.8% retracement in the area of this support level, and clustering with the last buyers spike. I\u2019ll be watching this area for a potential pullback and continuation of the selling momentum.<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! Yesterday, the Reserve Bank of New Zealand surprised the market with a bigger than expected interest rates increase of 0.5% to 5.25% the move saw the Kiwi dollar strengthening against many of it\u2019s trading partners, and in particular the Aussie dollar, where the Reserve Bank of Australia chose to keep rates put […]<\/p>\n","protected":false},"author":15,"featured_media":21732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"RBNZ Surprises with Rate Hike | %%sitetitle%%","_seopress_titles_desc":"Get the latest insights on the unexpected rate hike by RBNZ. Understand its impact on the market and seize trading opportunities.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/comments?post=24524"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/media\/21732"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/media?parent=24524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/categories?post=24524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/tags?post=24524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}