• NZD/USD eased on Tuesday as U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell.
• Fed Chair Powell hinted on Monday that the US central bank will likely focus on quarter-point decreases in the coming months, as new data bolstered confidence in economic growth and consumer spending.
• The kiwi dollar was down 0.20% at $0.6335 retreating from daily high 0.6350.
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 0.6375(Sep 30th high), any close above will push the pair towards .6375 (23.6%fib).
• Support is seen at 0.6320 (38.2%fib) and break below could take the pair towards 0.6299(5SMA).
Recommendation: Good to buy around 0.6320 with stop loss of 0.6260 and target price of 0.6430
