• NZD/USD drifted lower on Thursday as US dollar recovered, erasing losses from US data impact.
• The US consumer price index rose 0.4% last month, the largest gain since March, after climbing 0.3% in November, the Labor Department's Bureau of Labor Statistics said.
• U.S. December retail sales and weekly jobless claims reports pose key market risks on Thursday, as investors closely monitor the data for insights into consumer spending trends and labor market conditions.
• At (GMT 06:13) Kiwi dollar was trading at down 0.27% to 0.5600 against the U.S. dollar.
• Immediate resistance is located at 0.5632(38.2%fib), any close above will push the pair towards 0.5693(50%fib).
•Support is seen at 0.558542 (Jan 2nd low) and break below could take the pair towards 0.5546(23.6%fib).
Recommendation: Good to sell around 0.5620 with stop loss of 0.5680 and target price of 0.5550
