NZD/USD Price Forecast: Rises above 0.5800 after RBNZ rate hold, but remains below 100-day EMA
The NZD/USD pair jumps to a near two-week high of around 0.5820 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision and a broader risk-on sentiment.