New Zealand’s consumer price inflation stands at 0.3% in (Q3), Buy NZDUSD on dips!

forex cpi
forex cpi

New Zealand’s consumer price index fell 0.3%, from 0.4% in the previous quarter, passing forecast of 0.2% in the last quarter…

Market impact:

This development could bring a corrective pullback to the nearest support level before the next rise, however; immediate support comes at the 0.6809 levels, stability above this level on a 4-hour closing basis, could mean a return to the 0.6896 levels, a break will open 0.6950 next, further upside, resistance comes at the psycho level 0.7000…

On the downside, below 0.6809, faces a pullback risk towards the 0.6740 levels before the next rise, further down support comes at the 0.6650 levels. Conclusion : The NZDUSD continues to face upside threats in the short term above the 0.6809 levels..

New Zealand’s consumer price inflation stands