The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The NZDUSD fluctuated under the 0.6260 price level overnight, as the DXY consolidated. However, the current price action on the NZDUSD indicates the potential for a breakout to the upside. If the price trades beyond 0.6270, the NZDUSD could continue to climb higher toward the near term resistance and round number level of 0.63.
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 22 February 2023
Next 24 Hours Bias
Weak Bullish
