NZD/USD surges towards the 100-DMA post US soft CPI, on risk-on mood – by christianborjon NZDUSD Majors UnitedStates Inflation Fed
NZD/USD Price Analysis: Technical outlook
The NZD/USD is neutral biased, despite Wednesday’s price action posing a threat for NZD/USD sellers. If buyers like to regain control, they would need a decisive break above the 100-day EMA, which could put into play a test of the June 3 high at 0.6576, almost 40 pips below the 200-day EMA. Once that is achieved, then the major bias would shift to neutral-upwards. Nevertheless, sellers remain hopeful that if the NZD/USD prints a daily close below 0.6400, that would put them in charge.
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