NZD/USD chart - Trading View
Reserve Bank of New Zealand left its interest rate unchanged as was widely expected.
The RBNZ did deliver a major hawkish surprise to markets by signaling rate hikes from mid-2022.
The central bank re-introduced the conventional OCR forecast (it had been replaced by the unconstrained OCR forecast), and by the forecast pace of tightening.
The OCR forecast showed a 150bps tightening between Q3 2022 and Q3 2024, taking the markets by surprise.
NZD/USD spiked past 0.73 mark and hit highest since 26th Feb at 0.7316 after the RBNZ decision.
The pair has eased slightly from session highs and was trading at 0.7305, up 1.15% at around 08:00 GMT.
Technical bias has turned bullish. Bulls target next major resistance at 0.7435 ahead of 0.7558 (2017 high).


FxWirePro- Major Pair levels and bias summary
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: USD/ZAR bears maintain upper hand
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Major European Indices
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



