Kiwi Plummets on RBNZ's Dovish Reversal. Forecast as of 10.07.2024

Before the Reserve Bank's July meeting, the outlook for the New Zealand dollar looked bullish, but the RBNZ's dovish rhetoric has caused a huge shock in the market. Let's discuss this topic and make a trading plan for the NZDUSD pair.Highlights and key points The RBNZ did not rule out a rate hike at the previous meeting. The central bank started talking about a rate cut in July. A dovish reversal will cause the NZDUSD to collapse. The pair may fail to stay in the 0.605-0.615 range if U