--- title: "NZD/USD forecast and RBNZ interest rate decision preview" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/270798620.md" description: "The NZD/USD exchange rate is in focus due to the upcoming RBNZ interest rate decision. The pair has surged from 0.5852 to near 0.6150. Weak US economic data has impacted the US dollar. Analysts expect RBNZ to leave rates unchanged and possibly cut in Q4. Technical analysis suggests a retest of 0.6157 and retreat to 0.6080." datetime: "2025-12-25T17:03:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270798620.md) - [en](https://longbridge.com/en/news/270798620.md) - [zh-HK](https://longbridge.com/zh-HK/news/270798620.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/270798620.md) | [English](https://longbridge.com/en/news/270798620.md) # NZD/USD forecast and RBNZ interest rate decision preview The NZD/USD exchange rate will be in the spotlight this week as investors focus on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. The pair has been in a strong bull run this month as it surged from 0.5852 to near 0.6150, its highest swing since March 14th. ## RBNZ interest rate decision ahead The NZD/USD surged hard last week after the weak US economic numbers led to a plunge of the US dollar index (DXY). Data revealed that the building permits and housing starts remained under pressure amid a high-interest rate environment. Additional data showed that the US retail sales stalled in April while manufacturing and industrial production retreated in April. In the same month, the headline and core consumer inflation dropped for the first time in months. Therefore, the Fed finds itself in a period of stagflation, which is characterised by high inflation and weak economic growth. A previous report showed that the US economy expanded by just 1.6% in the first quarter. As such, the bank may decide to cut interest rates at least two times this year. The next important catalyst for the NZD/USD exchange rate will be the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision scheduled for Wednesday. This meeting will come at a time when New Zealand’s inflation remains at an elevated level while the economy is emerging from a deep dive. The most recent data showed that the headline Consumer Price Index (CPI) dropped to 4.0% in Q1, down from 4.7% in the previous quarter. It had peaked at 7.3% in 2022. A separate report showed that the economy contracted by 0.3% in Q4, a slight improvement from the previous decline of 0,6%. Therefore, analysts expect that the bank will leave interest rates unchanged and point to a rate cut in the fourth quarter. ## NZD/USD technical analysis NZD/USD chart by TradingView The daily chart shows that the NZD to USD exchange rate has been in a strong bull run in the past few weeks. It recently crossed the crucial resistance level at 0.6080, its highest swing on April 10th. The pair has flipped the 50-day and 100-day Exponential Moving Averages (EMA), a positive sign. It has also soared above the first resistance of the Woodie pivot point. The Relative Strength Index (RSI) and the Relative Vigor Index (RVI) have all jumped to their highest levels in months. Therefore, the pair will likely retest the first Woodie pivot point at 0.6157 and then retreat to the support at 0.6080 after the RBNZ decision. This performance is known as a break and retest pattern. The post NZD/USD forecast and RBNZ interest rate decision preview appeared first on Invezz ## 相關資訊與研究 - [Markets price three ECB rate hikes in 2026 as Iran de-escalation hopes fade](https://longbridge.com/zh-HK/news/281483048.md) - [Europe risks recession if oil jumps over $150, ECB's Stournaras says](https://longbridge.com/zh-HK/news/281338363.md) - [ECB's Next Move Likely a Rate Rise, But Timing Unclear Amid Iran War, Villeroy Says](https://longbridge.com/zh-HK/news/281559461.md) - [ECB's Panetta: Even if hostilities in Middle East were to cease rapidly, it would take some time for energy markets to return to orderly conditions](https://longbridge.com/zh-HK/news/281157270.md) - [ECB’s next move is likely a rate rise, but timing unclear, says Villeroy](https://longbridge.com/zh-HK/news/281560167.md)