Chart - Courtesy Trading View
NZD/USD was trading 0.06% lower on the day at 0.6779 at around 11:45 GMT.
The pair remains capped at 21-EMA resistance, further upside only on break above.
Antipodeans depressed after Goldman Sachs cuts China 2022 growth estimate to 4.3% on Omicron covid woes.
Disappointing Chinese inflation figures for December add to the downside pressure. China December CPI prints at +1.5% YoY, misses estimates at +1.8% and 2.3% prior.
Focus now on release of the US consumer inflation figures, due later during the early North American session.
NZD/USD trades with a major bearish bias. Upside lacks traction. 21-EMA is offering stiff resistance. Break above could change near-term bias.
