Chart - Courtesy Trading View
- NZD/USD was trading 0.53% higher on the day at 0.6883 at around 10:20 GMT.
- The pair is extending upside for the third consecutive session and is currently testing daily cloud resistance.
- Commodity currencies buoyed on broad based US dollar weakness after release of US inflation data overnight.
- Data released overnight showed U.S. consumer prices rose at their fastest rate in nearly 40 years.
- CPI printed at 7% month-on-month, slightly higher than forecast, while the increase in year-on-year CPI was the biggest since June 1982.
- The Fed in two weeks the Fed holds its first meeting of the year and rate outlook is seen unchanged by the CPI data.
- Technical bias for the pair has turned bullish. The pair is set to resume upside after extending sideways at 200-week MA support.
- The pair has broken above 55-EMA, momentum is bullish and volatility is rising. Scope for test of 110-EMA at 0.6925.


NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro- Woodies pivot (Major)
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro- Major European Indices
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 



