NZD/USD bulls eye 0.6300 as Fed expects no more rate rises

 

NZD/USD has cleared the significant threshold of 0.6250 during a risk-on solid trend. Federal Reserve officials favor the interest rate rise slowing regime to lower financial risks. The New Zealand Reserve Bank expects the interest rate to peak at 5.5 percent. RBNZ-Fed policy divergence has increased, and NZD/USD seeks to break through the round-level resistance of 0.6300.

After overcoming the crucial barrier of 0.6250 during the Asian session, NZD/USD is moving upward intensely. The Kiwi Dollar has significantly increased in popularity as market confidence soars. NZD has renewed its three-month high at 0.6270 and has kept up its two-day winning run. In the absence of any indications that the bullish market attitude would weaken, the major is vulnerable to touching the round-level resistance of 0.6300.

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