Traders it waiting the next shove with momentum (hopefully). The USDCHF today has been ping-pong been mostly between its 100 hour moving average below at 0.90523 and 200 day moving average above at 0.9073. There has been some small peeks above and below the levels, but not by much. The current price trade at 0.9066.
ANZ on the RBNZ cash rate hike cycle ahead, on track for 1.75% by the end of 2022
ANZ comments: MPR clearly signalled that they see the monetary policy cycle as having turned. ANZ say: Forecasts for the when of hikes: