Can Kiwi NZDUSD continue to rally above 0.62

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The Reserve Bank of New Zealand has maintained interest rate at 5.5%. The future policy seems less hawkish. Investors are closely monitoring the upcoming US Core Personal Consumption Expenditures (PCE) price index. Any surprise in inflation data could impact the USD and influence the NZD/USD exchange rate.

The pair found temporary support around this level, but further price action will be crucial. The traders seems using buy on dip strategy or waiting for further breakout. Any further bullish movement can take NZDUSD to 0.6300.

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