• The New Zealand dollar rose, extending previous session gains following the central bank's monetary policy decision. 
   
• The Reserve Bank of New Zealand held rates at record lows, as expected, but sounded more optimistic on the economic outlook and dropped a reference to the chance of future cuts.
   
• The RBNZ raised the forecast path for rates this year to 1 percent, from 0.9 percent previously, erasing the chance of a cut.
   
• The Kiwi was trading 0.9 percent up at 0.6458, having hit a low of 0.6378 on Tuesday, its lowest level since November 15. 
   
• Technical indicators are bullish on hourly charts: RSI strong at 73.67, Stochs are biased higher and MACD supports upside.
   
• The par faces major resistance at 200-DMA.
   
• Immediate resistance is located at 0.6484, a break above could take it near 0.6503. 
   
• On the downside, support is seen at 0.6381, a break below could drag it till 0.6358.