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NZD / USD trades lower after Reserve Bank of New Zealand’s expected rate hike

The move was widely expected, although some expected a 0.5% increase. Nope.

Check out this post above, the cash rate is projected to be much higher by the bank in the coming years.

The response of the NZD / USD has been bearish and its range has fallen a few points now. The 1 minute candles show the chop:

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