| Date | Wednesday 24th November 2021 |
| Time | 01:00 |
The RBNZ announce their interest rate decision during the Asian session.
Markets have fully priced a hike in the Official Cash Rate by 25bps to 0.75% by the RBNZ. Some analysts are making the case for a 50bps hike.
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, however we believe this move will be short lived.
What happened last time?
| NZD RBNZ Interest Rate Decision – 21-10-06 | |
| Time | 01:00 |
| Forecast | 0.50 |
| Actual | 0.50 |
| Deviation | 0 |
| One minute spike | 16 pips |
How we setup
| Main Event | NZD RBNZ Interest Rate Decision |
| Market | NZD/USD |
| Deviation | +/-0.05 |
| Prior | 0.50 |
| Forecast | 0.75 |
| Triggers |
Buy >0.75 Sell <0.75 |