Chart - Courtesy Trading View
NZD/USD was trading 0.13% higher on the day at 0.6161 at around 04:30 GMT.
The pair surged over 0.5% after the Reserve Bank of New Zealand hiked interest rates by a record 75 basis points to 4.25% earlier on Wednesday.
The pair hit session highs at 0.6192, but quickly reversed gains after Governor Adrian Orr warned of a potential economic downturn in the near-term.
New Zealand faces its highest inflation rate in 32 years. Its annual CPI inflation was 7.2% in September, well above the RBNZ’s 1% to 3% target range.
The elevated readings are likely to invite more interest rate hikes by the RBNZ, which could potentially dampen economic activity.
The major is extending sideways above 110-EMA and daily cloud, weakness only on break below. Technical indicators support upside, scope for test of 200-DMA at 0.6301.


FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: USD/JPY remains in familiar place on intervention threat
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro- Major Crypto levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 



