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TDUX
Apr 20 - 07:55 PM

NZD/USD - Spikes As Q1 CPI Runs Hotter Than Expected

By James Connell  —  Apr 20 - 06:57 PM

• NZD/USD +0.4% Tue as inflation remains above RBNZ's 1-3% target band

• NZ Q1 CPI +0.8% q/q, +3.1% y/y (Reuters poll +0.8%, +2.9% respectively)

• NZD resistance zone near 0.5965 likely to hold, news flow remains critical

• Trump maintains positive tone as U.S.-Iran ceasefire deadline approaches

• Pakistan confident Iran will attend peace talks despite earlier rejection

• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu

• Range NZ 0.5887-0.5911, support 0.5680 0.5580, resistance 0.5964 0.6012
NZD Hourly Bollinger Study


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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