The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The NZDUSD rejected the 0.6420 support level to trade significantly higher, breaking above the key resistance level of 0.65 overnight. Early in the trading session today, the NZDUSD has continued to climb upward, reaching the 0.6540 price area. Further upside is anticipated, however, if the NZDUSD fails to break above the 0.6540 price level, the price could reverse back down toward the round number price level of 0.65.
Central Bank Notes:
Cash rate stands at 4.25%
Central bank is likely to continue with the current path of rate adjustment
Next meeting is on 21 February 2023
Next 24 Hours Bias
Weak Bullish
