A Reuters poll conducted between August 11–14 found 28 of 30 economists anticipating the move, with only two expecting no change. The central bank last held rates at 3.25% in July, signaling a readiness to ease if inflation remained subdued. With annual inflation slowing to 2.7% in the June quarter — within the RBNZ’s 1–3% target range — and unemployment climbing to 5.2%, the highest since late 2020, the case for further policy support has strengthened.
So far, the central bank has cut the rate from 5.5% to the current 3.25%.
Conversely, if the door remains open due to concerns about tariffs and higher unemployment/lower inflation, the price has room to roam.
The downside bias has been reinforced by the price holding below both the 100-day moving average and the 100-bar moving average on the 4-hour chart this week. Sellers remain in control as long as the pair stays below these levels.
Key Technical Levels:
Support: 0.5877–0.5882 (near-term), 0.5845–0.5860 (swing area / mid-April l
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nzdusd technicals what technicals are in play for the nzdusd ahead of the rbnz rate cut was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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