The Reserve Bank of New Zealand is set to announce its interest rate decision at 8 PM ET, with expectations leaning towards maintaining the current rate of 5.5% for the fourth consecutive meeting. Key levels to watch in the NZDUSD pair in relation to this decision are:The 200-day moving average and the 50% Fibonacci retracement of the decline from the July high, both converging at 0.6092. This level is crucial for determining the market's direction, acting as a pivotal point for buyers and sellers.If the NZDUSD dips below 0.6092, it would indicate a shift in the technical bias towards the downside.Conversely, for a more bullish outlook, the next target is the 61.8% Fibonacci retracement of t
Hence then, the article about nzdusd decision key barometer for buyers at a dual technical level at 0 6092 was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( NZDUSD Decision: Key barometer for buyers at a dual technical level at 0.6092. )