RBNZ Policy Meeting: NZD/USD surges

NZD/USD has spiked after the RBNZ policy meeting:

While the OCR is unchanged, as was very widely expected, the Bank raised its rate ‘track’ and also its estimate of the neutral rate. More at that link above.

One-minute bars:

chart is from our charting app, which is free and can
be found at this link

This article was written by Eamonn Sheridan at www.forexlive.com. Source