Chart - Courtesy Trading View
NZD/USD was trading 0.43% higher on the day at 0.6311 at around 10:55 GMT.
The pair is edging above 55-EMA and price action has entered the daily cloud.
Momentum is bullish. Stochs and RSI are biased higher, RSI is above the 50 mark.
Price action is above 200H MA and GMMA indicator shows major and minor trend are bullish.
Traders preferring to remain on the sidelines ahead of the key US Consumer Price Index (CPI) due later on Wednesday.
Risk-off escalates ahead of US Inflation data, volatility likely to continue into the release.
US CPI is expected to ease to 8.7% from 9.1% on YoY, as well as the CPI ex Food & Energy which is likely to rise from 5.9% to 6.1%.
Support levels - 0.6283 (200H MA), 0.6261 (21-EMA)
Resistance levels - 0.6352 (Upper BB), 0.6426 (110-EMA)
Summary: NZD/USD trades with a bullish bias. Scope for test of Upper Bollinger band at 0.6352.


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/NZD remains bullish as rally continues
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 



