NZD/USD snaps two-day downtrend below 0.6100 despite sluggish US Dollar ahead of inflation data – by anilpanchal7 NZDUSD RiskAppetite Inflation China RBNZ
NZD/USD clings to mild gains as Kiwi traders brace for US CPI after RBNZ inflation expectations favored buyers.Downbeat US inflation can confirm Fed policy pivot and weigh on NZD/USD ahead of next week’s RBNZ.remains sidelined near 0.6065-70 during the first positive day in three amid early Thursday morning in Europe.
On the other hand, hopes of witnessing softer US inflation data, based on the early signals flashed the last week, join the market’s preparations for the likely hawkish surprise from the RBNZ during next week’sFurther, the recently downbeat MBA Mortgage Applications, falling for the third consecutive week of late, also test the DXY bulls, especially amid the growing chatters of the Federal Reserve’s policy pivot, which in turn puts a floor under the Kiwi prices.
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NZD/USD Price Analysis: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation ExpectationsNZD/USD Price Analysis: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation Expectations – by anilpanchal7 NZDUSD RBNZ Inflation Technical Analysis ChartPatterns
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