EURNZD getting ready for it's next move

٧ أغسطس ٢٠١٦

EURNZD provides a good opportunity this week with the RBNZ ahead, despite generally good data market participants appear to be pricing in a cut, with the RBA's move this week we were reminded that wasn't necessarily a bearish call. Indications of future moves will be key for the direction in this pair, we currently favour a longside move but will follow the breaks of the current channel