NZD bounces after higher than expected CPI

  • December came in at +0.1% MoM.

AUD/NZD is back below 1.0600 and NZD/USD has neutralised the downtrend on the hourly chart and is currently trading at .8300.

  1. Yeah ,figures….why not ?! Although i can’t help but notice that rate hikes for the beginning of the year were very much expected . Remains to be seen if kiwi overtakes the highs again or is something else fishy going on.

  2. Following recent movements in kiwi , China selling and institutional flows , i just don’t see these big guys covering their short plays from something they already expected so yes i’m leaning on short term players here. The last weekly candle is an ugly one for nzdusd , so as long as 0.8430 holds – short is on.

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