• The RBNZ lowered OCR from 3.25% to 3.0% on Thursday as widely expected and stated that NZD depreciation was helping to support the economy and inflation
  
  
• NZD/USD spiked to reach highs by 0.6638 in the last hour after RBNZ  adopted a positive tone for the NZD, currently trades slightly lower at 0.6626 
  
  
• USD weakness across the board on account of profit-taking after the recent strength also supporting NZD/USD rise
  
  
• Hourly price action has risen above the cloud, very short term trade is bullish, Stochs pointing higher
  
  
• Resistance is located at 0.6655 (July 21 High) and above which it could extend gains to 0.6700 (Down TrendLine From Apr/Jun High) 
  
  
• On the flipside support might be located at 0.6595 (Day's Low) and then at 0.6570 (100-HMA) levels

Resistance Levels:

R1: 0.6655 (Daily High Jul 21)

R2: 0.6705 (Down TrendLine From Apr/Jun High)

R3: 0.6724 (Daily High Jul 15)

Support Levels: 

S1: 0.6570 (100-HMA)

S2: 0.6498 (2015 & 6 Yr Low Jul 16)

S3: 0.6470 (Daily Low Jul 30 2009)