NZD Cash rate unchanged and pair GBP/NZD dropped 500 pips(1 min read)

New Zealand kept the Cash rate unchanged and the pair GBP/NZD dropped for a nice 500 pips. Now it is testing the april lows and price closed past that. Technically I am looking for at least another 625 pips drop lower into a more important monthly trend channel low. Before it will retrace.

Chart_GBP_NZD_2 Hours_snapshot-20160609-500pips

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