FX:NZDUSD   New Zealand Dollar/U.S. Dollar
96 2 2
Pure respect for the .786 level on the last 6 day uptrend on the daily. I am short for the near-term on a pullback correct to modest .382 level around .8585. Quick play, but could see a continued uptrend after a small pullback.
Hoping for large increases in CPI tomorrow morning across the board. Need that Y/Y CPI Change to get over 2%. Sitting at 1.8% now.
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About an hour away from daily close and 78.6% retracement level looks to be a nice resistance level for the 3rd trading session in a row. Should be some sort of correction coming (technically speaking), but we got CPI announcement tomorrow and FOMC announcement Wednesday, which will bring some major movement for the USD. Looking at this set up for the short-term only FYI, as the Kiwi is on a mission going long-term.
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