Overall, NZD/USD is trending upwards.
Earlier today, the Reserve Bank of New Zealand (RBNZ) held interest rate unchanged at 0.25%.
The central bank has decided to continue with the Large Scale Asset Purchase (LSAP) programme at the current quantum of $60 billion aimed at reducing the cost of borrowing. The RBNZ stands ready to provide additional stimulus such as expanding the LSAP programme if necessary.
NZD/USD’s next support zone is at 0.63800 and the next resistance zone is at 0.65500.
Look for short-term selling opportunities of NZD/USD .
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