The results of July meeting of RBA weakened the New Zealand currency a little. The decision to keep rates at the same level (2.75 percent) and Glenn Stevens's the subsequent declaration is only slightly lowered a rate of New Zealand dollar
In general, the news has been ignored by investors, noted in the Western Union Business Solutions. Chris Hunter added that the market has already taken into account the expectations that the interest rate in Australia will remain unchanged.
Now, investors' attention is focused on the data on the number of U.S jobs outside agriculture. Hunter notes that investors are closely monitoring the news flow from the U.S., estimating the timing and pace of a possible reducing stimulus from the Fed.
New Zealand dollar continues to trend towards a downward correction. NZDUSD continues bearish wave A / B level Weekly. Now the pair is in estimated wave B(C) wiith the potential H12, - explain experts at the online-learning Department of Masterforex-V Academy. Breakthrough low 0.7682 will continue long-term downtrend. The support will Fibonacci levels 0.7599/75, 0.7543, 0.7509. Break sloping channel MF and MF pivot 0.8051 will end the current wave.
