RBNZ Policy Meeting: NZD/USD surges

NZD/USD has spiked after the RBNZ policy meeting:

• RBNZ leaves cash rate unchanged at 5.5%, as expected

While the OCR is unchanged, as was very widely expected, the Bank raised its rate 'track' and also its estimate of the neutral rate. More at that link above.

One-minute bars:

(This chart is from our charting app, which is free and can be found at this link)