The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
Unlike the AUDUSD, the NZDUSD resisted significant moves to the downside as the price was supported at the 0.62 price area. As the price fluctuates between the 0.62 and 0.6250 price range, look for a potential breakout to the upside. If the price breaks above 0.6250, the NZDUSD could climb to the key resistance level of 0.63.
Central Bank Notes:
Cash rate stands at 4.75%
Central bank is likely to continue with the current path of rate adjustment
Next meeting is on 5 April 2023
Next 24 Hours Bias
Weak Bullish
