EURNZD breaks above 1.9900 after dovish RBNZ

EURNZD breaks above 1.9900 after dovish RBNZ

• The pair is also trading above its 2st-dev implied volatility high for the day

Big moves for the NZD across the board today.

The EURNZD pair has taken out the 1.9900 level (at the time of writing) and is trading above the 2-standard deviation implied volatility high for the session.

Also heads up for huge resistance going back to April coming up at 2.00.