NZDUSD is up over 1% in trading today. What is the next key target for traders?

The NZDUSD initially surged after the RBNZ delivered a 25-basis-point rate hike, but the bullish reaction proved short-lived. As broad-based U.S. dollar buying accelerated alongside a selloff in equities, the pair reversed lower. That decline, however, found willing buyers near the 200-hour moving average, setting the stage for a sharp rebound. Today's rall…

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