• NZD/USD eased on Friday as investors awaited the U.S. PCE inflation report scheduled for later in the day.
• Investors will keep an eye on the personal consumption expenditures price index due to be released later on Friday, but analysts do not expect the data to materially shift market pricing for U.S. rates.
• The kiwi dollar eased to $0.6305 after rising 1% overnight and approaching its nine-month peak of $0.6355.
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 0.6350(23.6%fib), any close above will push the pair towards 0.6375(Higher BB).
• Support is seen at 0.6279 (38.2%fib) and break below could take the pair towards 0.6223(50%fib).
Recommendation: Good to buy around 0.6280 with stop loss of 0.6150 and target price of 0.6350
