EURNZD forecast
2019-11-13 04:13:40
Tonight RBNZ is cutting the base rate from 1.00% to 0.75% at 1am GMT. This way it will have the same rate as RBA and BOE.
Currently a strong support zone around the 1.73 area, a break lower could be used to signal a short.
A bounce to the upside is also possible, though with EUR so weak it is not as probable.
If the pair falls, expecting it to retest the uptrend line, confirmed line multiple times.
What do you think will happen to NZD tonight?
Good Luck!