NZD/USD chart - Trading View
NZD/USD was extending gains for the 2nd straight session, trades 0.46% higher after closing 1.11% higher in the previous session.
Kiwi bulls likely buoyed after upbeat NZ CPI data and the People’s Bank of China’s (PBOC) rate cut decision.
New Zealand’s Q1 Consumer Price Index (CPI) rose to 2.5% YoY and 0.8% QoQ beating forecasts of 1.8% and 0.3% respectively.
The PBOC cut one and five-year loan prime rates to 3.85% and 4.65% respectively from a prior of 4.05% and 4.75%.
Technical bias for the pair is turning slightly bullish on the intraday charts. Price action has edged above 200H MA.
RSI has edged above 50 and momentum is bullish. Scope for further upside. Test of 55-EMA at 0.6130 likely.
Volatility is shrinking, any further upside only on decisive break above. Failure to hold above 21-EMA negates any bullish bias.


2025 Market Outlook: Key January Events to Watch
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro- Woodies pivot (Major)
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro- Major Pair levels and bias summary
Global Markets React to Strong U.S. Jobs Data and Rising Yields
US Gas Market Poised for Supercycle: Bernstein Analysts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: USD/CAD slips after Fed holds rates steady 



