• NZD/USD edged higher on Thursday as investor attention turned to U.S. inflation report and upcoming US-China trade talks.
•Investors will closely follow the US-China trade discussions, as President Donald Trump indicated on Wednesday that he expects to secure agreements with Chinese President Xi Jinping in next week’s South Korea summit.
• The Consumer Price Index (CPI) for September, scheduled for release on Friday, is the week’s key market event, carrying potential implications for the Federal Reserve.
• Fed funds futures imply a 96.7% probability of a 25-basis points cut to interest rates at the U.S. central bank's meeting on October 29, compared with a 98.3% chance on Wednesday.
• Immediate resistance is located at 0.5748(38.2%fib), any close above will push the pair towards 0.5766(SMA 20).
• Support is seen at 0.5685(23.6%fib) and break below could take the pair towards 0.5664(Lower BB).
Recommendation: Good to sell around 0.5750 with stop loss of 0.5850 and target price of 0.5670
