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The central bank re-introduced the conventional OCR forecast (it had been replaced by the unconstrained OCR forecast), and by the forecast pace of tightening.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 Crypto levels and bias summary
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/ZAR retreats but trend is still bullish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 



