NZD/USD chart - Trading View
NZD/USD is trading at 0.6684 at 04:55 GMT, up 0.36% at the time of writing.
The pair has shown a break above 110-EMA and is on track to test 200-DMA at 0.6710.
The U.S. Consumer Price Index in June y/y fell to 1.6% from 1.8%. However, the core CPI inched higher to 2.1% to beat expectation of 2%.
Greenback gained traction after CPI data, pulling NZD/USD lower from session highs at 0.6689 overnight.
However, the pair has resumed gains on the day, technical indicators are turning bullish.
RSI is above 50 and sharply higher. 5-DMA has turned and Stochastics RSI are on verge of rollover from oversold levels.
Support levels - 0.6665 (110-EMA), 0.6642 (5-DMA), 0.66
Resistance levels - 0.6710 (200-DMA), 0.6754 (Upper BB), 0.6782 (Apr 15 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
