| Date | Wednesday 6th October 2021 |
| Time | 01:00 |
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 | |
| Time | 02:00 |
| Forecast | 0.5 |
| Actual | 0.25 |
| Deviation | -0.25 |
| One minute spike | 76 pips |
How we setup
| Main Event | NZD RBNZ Interest Rate Decision |
| Market | NZD/USD |
| Deviation | +/-0.05 |
| Prior | 0.25 |
| Forecast | 0.50 |
| Triggers |
Buy >0.5 Sell <0.5 |