The NZDUSD pair rose during Asian session after the Reserve Bank of New Zealand raised its policy rate by 50 bps to 3% in a widely expected and reiterated statement that it will continue normalizing rates, saying that the OCR will peak at 4.1% in March 2023. However, the upward move turned out to be short-lived as hawkish FED and weak economic data reignited fears of a global recession which puts pressure on risk-sensitive currencies. Pair will get a chance to move during today's FOMC minutes release. From a technical point of view, NZDUSD bounced off local resistance at 0.6430, which is marked by the upper limit of the 1:1 structure, previous price reactions and upper limit of the descending channel. During today' session the pair broke below 50 SMA (green line) and if current sentiment prevails support at 0.6245 may be at risk.
NZDUSD, D1 interval. Source: xStation5
Daily Summary: EUR/USD tries to reverse the trend; Wall Street marks its third consecutive week of gains 🚨
⬇️Three Markets to Watch Next Week (August 14, 2026)
Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)
Chart of the Day 🚩 Speculations Around Faster Rate Hikes in Japan — Could USDJPY Reverse Its Trend?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
