NZD/USD trading higher after the RBNZ statement (TL;DR on rates is ‘higher for longer’)

Earlier from the Reserve Bank of New Zealand decision today:

NZD/USD is making new session highs, underpinned by a hawkish RBNZ. Hourly candles show a previous top right about where we are at present – there will be a little work to do:

This article was written by Eamonn Sheridan at Source