WELL NZD surprised everyone and increased the rates by .25 basis points, already the NZD/USD has gained 40-50 pips on the move; will this start another upward push for trending or does the economy and jitters on how MUCH the NZD can handle let this be a correction only?
7550 mark was a strong resistance and it has been broken, the question is whether it will be used as support now.
Watch the pair, we should see some movement long, but need to see this used as support for any further trending. also realize that we are at never before highs on the NZD/USD and that means a possible choppy road upwards.
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