The New Zealand dollar slipped after the Fed stressed on keeping the interest rates high for longer. The kiwi’s break above the August high of 0.6460 has helped improve sentiment. Now the bulls will need to consolidate their foothold before they could push higher. A fall below the origin of the latest bullish candle suggests a lack of follow-through, and in conjunction with signs of overextension from the overbought RSI, may prompt buyers to take profit. 0.6300 is the closest support and 0.6460 a fresh resistance.
