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NZD Weaker Post 2y Inflation Expectation

NZD

G10 currencies have been trading in a tight range ahead of US CPI data later today, NZD has been the worse of the group down 0.47% to 0.6103, post 2yr inflation expectation data coming in at 2.50% from 2.76%

  • NZDUSD has seen some selling pressure post 2yr Inflation expectation, falling from 0.6128, to a low of 0.6103 at time of writing. The pair still trades well above first support levels of 0.6066 the lows from Jan 23, but a level to watch ahead of US CPI later today as a break there could open up a retest of the yearly lows at 0.6041.
  • AUSNZD is now well off the fresh yearly lows made on Friday trading at 1.0681 up from 1.0650 prior to the data release, upside resistance for the pair sits at 1.070.
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