• NZD/USD +0.45% as RBNZ raises rates by 25 bps to 2.50% as expected

• RBNZ says more rate rises may be needed with inflation above target

• Also says possible economic recovery may warrant tighter policy

• Notes energy shock may linger despite lower oil prices

• Signals data-dependency, says timing of future rate hikes uncertain

• NZD reaction muted despite hawkish hike; resistance 0.5720, 0.5765-70

• Support 0.5670-75, 0.5627 June low; Asia range 0.5672-0.5705
NZD:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)