Key takeaways Hawkish RBNZ supports NZD upside: Stronger-than-expected inflation (3.1%) increases the likelihood of rate hikes, with bond yield spreads signalling a more hawkish stance that underpins NZD/USD. Bullish reversal taking shape: NZD/USD has rebounded from its 200-day moving average, breaking back above the 50-day MA, suggesting the recent 3-day decline may have ended. Key […]The post Chart alert: NZD/USD’s 3-Day Decline Ends, Potential Bullish Reversal above 0.5846 Key Support appeared first on ActionForex.