The RBNZ kept rate unchanged but raised their rate projections going forward. That was more hawkish and sent the NZDUSD higher. However after reaching swing area resistance between 0.6148 in 0.6159, buyers turned to sellers. Gov. Orrs comments were thought to be less hawkish, helping to push the price back down.That move lower has taken the price back to the 50% midpoint of the move down from the December high to the April low. That level comes in at 0.61096. The price has been trading above and below that level in the early New York session, as traders look for the next directional move.If the price goes lower, the 100 day moving average at 0.60712 is the next key target to get to and thro
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