Post #16010

NZD/USD Slides as RBNZ Says No Hikes Yet NZD/USD is under pressure, trading near a two-month low. Price remains heavy despite a brief bounce—momentum still favors the downside unless risk sentiment stabilizes. Currently trading below the 200 & 50 Day Moving Averages. Kiwi is getting dragged lower as markets fade the risk-on bounce. Initial optimism from delayed U.S. strikes on Iran quickly reversed after conflicting headlines, keeping uncertainty elevated. That’s weighing on risk currencies like NZD. On the policy side, the RBNZ is taking a more patient approach. Yesterday, Governor Breman signaled the bank will look through short-term energy spikes, with no urgency to hike unless inflation becomes entrenched. Markets have pulled back near-term hike expectations, with odds of a May move declining and swaps easing off recent highs. Between softer rate expectations and fragile risk sentiment, NZD remains under pressure. Currently the EdgeFinder shows a strong -11 bearish reading. - Alan