*RBNZ OCR kept unchanged against widely expected cut
*NZDUSD jumped 1.4% on announcement
*85pip daily range slightly less than our forecasts
While we thought the RBNZ rate decision was going to be hard to call as previewed in our
SPECIAL REPORT: RBNZ November Preview, we were far more confident of the large range likely to prevail as indicated by overnight
NZDUSD implied volatility. In this short video we briefly take stock of NZDUSD price action and what's next for the RBNZ.