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TDUX
May 26 - 11:55 PM

NZD/USD - Spikes As RBNZ Holds Rates In Split Decision

By James Connell  —  May 26 - 10:11 PM

• NZD/USD +0.6% Wed after RBNZ holds OCR steady at 2.25% as anticipated

• RBNZ Breman decides outcome after vote split 50-50

• RBNZ sees OCR higher sooner and by more than envisaged in Feb

• U.S.-Iran ceasefire at risk as latest U.S. strikes draw retaliation threats

• Brent crude softens slightly in Asia but remains elevated near $100 a barrel

• NZD stays above 0.5815 support, break below will hasten move towards 0.5680

• Range NZ 0.5835-765, support 0.5815 0.5680, resistance 0.5991 0.6012
NZD Hourly Bollinger Study & DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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