Keeps rates unchanged. Future rate move could be up or down
The RBNZ said the next rate move could be up or down, and that is what the NZDUSD did after the announcement.
After a lap up and then down, the market is settling with more upside momentum. The price is getting closer to a channel topside trend lines off the hourly chart at the 0.7270 area. A move above that would open the door for further upside momentum. The high for the day comes in at 0.72968. Above that traders would start to look toward the 100 hour moving average at 0.7339 currently.