• NZD/USD eased slightly on Wednesday as investors focused shifted their attention to the U.S. inflation report later in the day.
• Economists expect core CPI to rise slightly by 0.3% in January, with businesses already preparing for future price increases driven by tariffs.
• A rate cut in the U.S. is not fully priced until September and only 35 basis points of easing are priced in for this year
• At (GMT 05:57) Kiwi dollar was trading at up 0.02% to 0.5654 against the U.S. dollar.
• Immediate resistance is located at 0.5691(50%fib), any close above will push the pair towards 0.5717(Higher BB).
•Support is seen at 0.5634 (38.2%fib) and break below could take the pair towards 0.5603(Lower BB).
Recommendation: Good to sell around 0.5680 with stop loss of 0.5730 and target price of 0.5600
