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: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



