NZD/USD chart - Trading View
Kiwi sell-off accelerates after Dovish RBNZ comments. NZD/USD was trading 1.19% lower on the day at 0.5962 at around 10:35 GMT.
RBNZ Governor Adrian Orr stated that the central bank will be thinking about the need for additional stimulus at its May review.
The RBNZ’s next policy meeting is scheduled on the 13th May. Orr also left open the possibility of negative rates.
Technical studies support weakness in the pair. Price action has failed to hold above 21-EMA.
5-DMA has turned and Stochs and RSI are biased lower. Price action has slipped below 20-DMA support.
The pair has resumed downside after 'Dragonfly Doji' formation on the previous day's candle.
Scope for test of next support at 0.56 (Kijun Sen). Failure to close below 20-DMA could see sideways movement.


Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Stock Futures Dip as Investors Await Key Payrolls Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
2025 Market Outlook: Key January Events to Watch
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Major European Indices
European Stocks Rally on Chinese Growth and Mining Merger Speculation
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



