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fxJul 10, 2026, 6:49 AM

NZD/USD Rises Above 0.5750 on Hawkish RBNZ Rate Hike

The NZD/USD pair climbed above 0.5750, reaching its strongest level in three weeks during early European trading Friday, supported by a hawkish rate hike from the Reserve Bank of New Zealand.

NZDUSD

The New Zealand Dollar strengthened against the US Dollar, with NZD/USD trading around 0.5775 in the early European session on Friday. The pair has risen to its highest point in three weeks, buoyed by the Reserve Bank of New Zealand's hawkish monetary policy stance.

The RBNZ's decision to hike rates has provided fresh momentum for the kiwi, pushing it above the key 0.5750 support level. However, the pair remains below major technical resistance levels, suggesting further upside may require sustained bullish momentum.

Technical indicators show the pair gaining traction after a period of consolidation, but traders are watching for a break above the next resistance zone to confirm the uptrend. The USD's broader weakness has also contributed to the NZD's gains.

Source: FXStreet Forex News