Chart - Courtesy Trading View
NZD/USD was trading 0.13% higher on the day at 0.6647 at around 11:05 GMT.
De-escalation in the Russia-Ukraine tussles after Moscow rolled back some of its troops from borders buoys antipodeans.
The Kiwi broadly ignored downbeat China inflation data which showed headline Consumer Price Index (CPI) missed 1.0% YoY forecasts with 0.9% print, versus 1.5% prior.
Further, the Producer Price Index (PPI) also declined to 9.1% YoY compared to 9.5% market consensus and 10.3% prior.
Markets eye US Fed meeting minutes and US retail sales for further direction. US January Retail Sales is expected to reverse -1.9% previous contraction with +2.0% growth.
Support levels - 0.6643 (200H MA), 0.66, 0.6548 (Lower BB)
Resistance levels - 0.6664 (21-EMA), 0.67, 0.6743 (55-EMA)
Summary: Technical bias is strongly bearish. Upside remains capped at 21-EMA, momentum is turning bearish. Price action hovers around 200H MA, close below could see more weakness.


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



