FxWirePro: NZD/USD bearish momentum builds as kiwi dollar weakens on dovish RBNZ outlook

• NZD/USD dipped  on Friday as kiwi dollar was hit by   dovish outlook on interest rates from the Reserve Bank of New Zealand.

•The central bank’s Governor Anna Breman said gradual easing of inflation gives the economy space to grow in 2026, suggesting only moderate adjustments to interest rates may be needed.

•The central bank maintained its cash rate earlier this week, highlighting that supportive policy will continue as inflation moves slowly toward the center of the target range.

• Markets imply only a 40% chance of an increase in the 2.25% cash rate by September, from 68% early in the week, while October has shifted to 68% from 100%. 
 
•  Immediate resistance is located at 0.5998(38.2%fib), any close above will push the pair towards 0.6019 (SMA 20).

• Support is seen at 0.5943 (Lower BB) and break below could take the pair towards 0.5920(50%fib).

 Recommendation: Good to sell around 0.5960 with stop loss of 0.6050 and target price of 0.5870