|Date||Wednesday 6th October 2021|
The RBNZ announce their interest rate decision during the Asian session.
All analysts surveyed expect the RBNZ to hike the Official Cash Rate by 25bps to 0.50%. This is therefore likely already priced into the market. Should the RBNZ fail to hike, we would expect a bearish reaction in the NZD.
We will be trading NZD/USD. We will be selling the pair if the RBNZ remain on hold, and buying the pair on a hike greater 25bps.
Aggressive traders may wish to buy NZD on a 25bps hike.
What happened last time?
|NZD RBNZ Interest Rate Decision – 21-08-18|
|One minute spike||76 pips|
How we setup
|Main Event||NZD RBNZ Interest Rate Decision|