RBNZ Governor Orr: Reiterates more work to do to reduce inflation

Ross J Burland FXStreet

RBNZ Governor Orr has reiterated that there is more work to do to reduce inflation.

Meanwhile, there has been a double bottom in ND/USD that could be significant, at least for the Asian day ahead on Wednesday.

A break of the dynamics trendline resistance could be an opportunity for traders to look for a discount and target a significant correction towards the midpoint of the day's range near 0.5585 on a break of 0.5575. Bearish below 0.5550.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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