FxWirePro: NZD/USD spikes on broad based USD weakness and impressive CPI data, finds stiff resistance at 0.72

• NZD/USD extends higher, retakes 38.2% Fib of 0.6675 to 0.7485 rally at 0.7175.
   
• Broad based USD weakness seen across markets in the Asian session today as USD index retraces from 7-month highs.
   
• New Zealand Q3 inflation data readings came as 0.2 % q/q vs 0.0% expected. y/y results also beat expectations with a reading of 0.2 %.
   
• The pair finds major resistance at 0.72 which is major psychological level and 20-day MA.
   
• Further upside can be seen only on break above. 
   
• Markets now await GDT auction and US CPI data due ahead in the NY session for further impetus in the pair.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-finds-strong-support-at-07080-good-to-long-on-dips-350391) has achieved TP 1&2.
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Recommendation: Book partial profits, raise trailing stops to 0.7125, hold for 0.72