Chart - Courtesy Trading View
NZD/USD was trading 0.20% higher on the day at 0.6818 at around 06:20 GMT.
The pair is extending rebound from 2021 lows hit last week, scope for further upside.
Kiwi bulls cheer upbeat China inflation figures, however, risk-off mood seems to keep upside limited.
Data released earlier today showed China’s Consumer Price Index (CPI) jumped the most since August 2020, by 2.3% YoY and 0.4% MoM in November.
Further, the Producer Price Index (PPI) crossed 12.6% forecasts to arrive at 12.9% YoY in the said month.
Focus now on the key US CPI data, up for Friday, which could fuel market chatters over the Fed rate hike.
Technical bias is turning bullish on the intraday charts, the pair has held support at 200-week MA.
Price action is above 200H MA, scope for test of 21-EMA at 0.6879. Bearish continuation only below 200-week MA.


FxWirePro- Woodies pivot (Major)
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro: GBP/NZD edges higher but outlook is bearish
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: GBP/NZD gains some ground but outlook is bearish
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro- Major European Indices 



