NZDUSD Chart Technical Outlook may go lower after the RBNZ decision, bears target 0.6100
RBNZ announced a 25 bps rate hike as expected, while yields suggested at least a 50 bps hike. Therefore, NZD traded lower on the news. Alongside the hawkish Fed’s comments and the US debt jitters, NZD/USD can go lower.
0.6100 will be the main support level for that decline. What comes next will depend on the US debt news and the FOMC meeting minutes today.
Resistances are at 0.6180, 0.6230.
