Last night we have had interesting fundanentals from New Zeland. Frstly cash rate which remains not suprisingly unchanged and RBNZ press conference which have had big impact on the New Zeland currency especially on GBPNZD where it has gained over 400 pips in less than one hour. Although GBPNZD has not reached this week's low it does not mean that it could not strengthened some more but also there could be quick reversal or pullback as we had recently seen on many occasions. I would now carefuly watch price action and trade it accordingly.
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