NZD/USD rallies 0.85% as RBNZ holds rates at 5.5% but increases OCR path

RBNZ sees official cash rate at 5.54% in June 2025 vs. previous 5.33%

Raises annual CPI forecast to 2.6% in June 2025 from previous 2.4%

Committee discussed possibility of raising ratesthis meeting

NZD likely to rally further as RBNZ categorically hawkish

Resistance at 0.6172, 61.8% of December-April decline

Support 0.6130-40, 0.6100-10; Asia range 0.6093-0.6152

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