the economic calendar<\/a> data docket will be US Producer Price Index (PPI) and Retail Sales numbers.<\/p>\nCore US PPI for the year into October is expected to print flat at 2.7%, in-line with September’s annualized reading, while US MoM Retail Sales are forecast to see a sharp turnaround from September’s 0.7% growth. Median market forecasts see October’s monthly Retail Sales number printing at -0.3%.<\/p>\n
NZD\/USD Technical Outlook<\/h2>\n
Despite the Kiwi’s firm bounce to reclaim the 0.6000 major handle on Tuesday, the NZD\/USD remains under significant technical pressure. Price action continues to waffle below the 200-day Simple Moving Average (SMA) currently dropping into 0.6100, and the immediate ceiling on an bullish extension sits at early October’s swing high into the 0.6050 level.<\/p>\n
Swing lows on the daily candlesticks have begun to chalk out a technical support zone from 0.5800 to 0.5900, but the 50-day SMA continues to draw in bids, trapping prices into downside momentum near the 0.5900 handle.<\/p>\n
NZD\/USD Daily Chart<\/h2>\nNZD\/USD Technical Levels<\/h2>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: The NZD\/USD has bounded back into the top end after broader markets went risk-on. Tuesday saw safe havens go broadly lower as investors stepped out post-US CPI. Up Next: US PPI, Retail Sales slated for Wednesday. The NZD\/USD has ripped higher after gaining almost 2.6% from Tuesday’s lows. The Kiwi (NZD)\u00a0saw its single best […]<\/p>\n","protected":false},"author":2,"featured_media":6165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,276,255,250,715,252,247,253,249,256,254],"class_list":["post-193737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193737"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193737\/revisions"}],"predecessor-version":[{"id":193738,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193737\/revisions\/193738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6165"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}