NZDUSD is Ranging as Market Awaits RBNZ & US-China Trade Talk
Kiwi is trading in a 200 pip range between 0.6700 to 0.6900. A dovish RBA turns the spotlight on RBNZ that will meet on March 27. Data suggests that RBNZ could turn dovish as Q4 2018 GDP is seen improving to 0.5%, higher that 0.3% reading for Q3 2018 but below RBNZ's 0.8% projection.
US-China Trade Talk will be watched closely for an idea about NZD's movement. Looking at crosses might be a better place to take opportunity in NZD.
US-China Trade Talk will be watched closely for an idea about NZD's movement. Looking at crosses might be a better place to take opportunity in NZD.