Chart - Courtesy Trading View
NZD/USD was trading 0.06% higher on the day at 0.6852 at around 03:15 GMT.
The major has erased most of the RBNZ-led gains and has slipped lower from session highs at 0.6901.
The Reserve Bank of New Zealand surprised markets earlier on the day with a 50 basis points (bps) Official Cash Rate (OCR) hike.
The market was expecting that the RBNZ will follow the streak of 25 bps OCR hike, and the hawkish outcome sent the kiwi soaring.
NZD/USD spiked higher to test 0.69 handle, before erasing most of the gains. 200-DMA offers stiff resistance at 0.69 handle.
Also, US dollar remains buoyed across the board, with the DXY holding above 100.00, keeping lid on the pair's upside.
High US inflation (at 8.5%) has raised the odds of a 50 basis point (bps) interest rate hike by the Federal Reserve in its May monetary policy.
Major Support Levels:
S1: 0.6844 (110-EMA)
S2: 0.6779 (20-week MA)
Major Resistance Levels:
R1: 0.6878 (21-EMA)
R2: 0.6902 (200-DMA)
Summary: NZD/USD upside capped at 200-DMA. Decisive break above required for further gains.


FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro- Major Pair levels and bias summary 



