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  • Reserve Bank of New Zealand’s (RBNZ) Governor Orr will be speaking at a parliamentary committee following Tuesday’s rate cut from the Bank. The speech will start at 20:00 GMT.
  • NZD/USD is trading at daily lows near 0.6570 before the speech.

NZD/USD daily chart

NZD/USD is trading in a bear trend below its main simple moving averages (SMAs).  

NZD/USD 4-hour chart

NZD/USD is trading below its main SMAs suggesting bearish momentum in the medium term.

NZD/USD 30-minute chart

NZD/USD is trading down below its main SMAs.
Bears need a break below 0.6570 to reach 0.6530 and 0.6490 to the downside.
Resistance is seen at 0.6610 and 0.6640 level.

Additional key levels