NZD/USD Price Forecast: Hawkish RBNZ-led rally stalls near 0.5880, ahead of 200-SMA on H4

The NZD/USD pair regains positive traction during the Asian session on Wednesday and rallies to the 0.5875-0.5880 resistance zone in reaction to the Reserve Bank of New Zealand's (RBNZ) hawkish on-hold rate decision.