During the Asian session, the NZD/USD pair shows near-zero dynamics, holding near the level of 0.5590.
Today, the minutes of the last meeting of the US Federal Reserve will be published, which may reflect the readiness of the American regulator further to increase the interest rate by 75.0 basis points. However, in the speeches of representatives of the department, there are increasing doubts about the advisability of a sharp increase in the cost of borrowing due to the attendant risks of a slowdown in economic activity. The situation is complicated because measures aimed at tightening monetary policy are being taken by all the world's leading central banks at once.
In the meantime, yesterday's data from New Zealand supported the instrument: retail sales using electronic payment cards in September rose by 1.4% MoM after increasing by 1.0% last month and accelerated from 26.9% to 28.6% YoY. On Wednesday, a report on the number of tourist arrivals will be released: in August, the value rose by 4748.8%, while analysts expected it to decline by 40.9%.
On the daily chart, Bollinger Bands are actively decreasing: the price range is narrowing from above, reflecting the emergence of ambiguous trading dynamics in the short term. The MACD indicator tries to reverse upwards, keeping its previous sell signal (the histogram is below the signal line). Stochastic, having approached its lows, reversed into an ascending plane, signaling in favor of the development of corrective growth in the nearest time intervals.
Resistance levels: 0.5650, 0.5720, 0.5800, 0.5850. | Support levels: 0.5534, 0.5467, 0.5400, 0.5300.