workingtraders
Short

$NZDUSD - Weak CPI Points to pair will stay range bound

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Technicals on the chart.

Fundamental thoughts.

- two consecutive quarterly falls for CPI             data and petrol price had a decline of nearly 10%
- milk dairy prices on the decline
- Looking RBNZ to set a dovish tone in the near future.
- USD Rate hikes around the corner.


Reasons listed, I would safely say the pair will stay range bound.
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