NZDUSD down modestly as traders await the RBNZ rate hike on Wednesday | EdgeTradings

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NZDUSD down modestly as traders await the RBNZ rate hike on Wednesday


The central bank is expected to increase rates to 0.5% from 0.25% The NZDUSD is down modestly on the day but stalling near its 100/200 hour moving averages around the 0.7020 area (see blue and green lines in the chart below). 

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