The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
Yesterday, the NZDUSD traded along the support level and within the price range of 0.6130 and 0.6180. As the price failed to break above the 0.62 price level, the downward pressure on the NZDUSD is likely to persist. Look for the NZDUSD to break below the 0.6130 price level to signal a continuation of the downtrend, with the next key support level at the round number price level of 0.60.
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 Bearish
