Hello community,
RBNZ will be holding a policy meeting tomorrow and market expect RBNZ reduce OCR at least 25 bp. So I setup a short entry at confluent level 0.666 (fibo 61.8 from high 0.677x). I expect NZD will retest the last bottom and even more break to make new low.
Good luck to all![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
Haynes
RBNZ will be holding a policy meeting tomorrow and market expect RBNZ reduce OCR at least 25 bp. So I setup a short entry at confluent level 0.666 (fibo 61.8 from high 0.677x). I expect NZD will retest the last bottom and even more break to make new low.
![](http://www.dukascopy.com/imageserver/img/a6414c688a09ccfdaec3cc82ff83333a/500_2/image207.jpg)
Good luck to all
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
Haynes