Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100 after the hawkish tone delivered by the U.S. FOMC.
The New Zealand CPI q/q data (Actual: 1.4%, Forecast: 1.3%, Previous: 2.2%) released earlier today indicated a slowdown in the pace of inflation during the fourth quarter of 2021.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67100. Look for short buying opportunities of NZD/USD.