The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
While the NZDUSD climbed briefly, the strength of the DXY led the NZDUSD to spike lower to test the 0.6230 price level overnight. However, the move lower was sharply retraced as the DXY retraced after reaching a new high. As the markets head toward the weekend, the NZDUSD could trade with choppy price action while maintaining below the 0.63 round number resistance level.
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
