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.


Major Pair Action Bias: Bullish Pairs to Watch Out For
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 



