The NZD/USD made very modest gains last week, gaining about 30 pips overall at market close on Friday. The Kiwi Dollar has continued to edge slightly higher, but overall, bullish was underwhelming. That may change this week with the release of the consumer inflation data at about 9.45pm GMT on Wednesday. The expectation is for consumer inflation to have slowed to 0.4%, down from the previous month’s data of 0.5%. If this result pans out as expected, it will be dovish for the Kiwi Dollar. However, any surprises figures that come in radically higher than expected may just be the push that the NZD to continue its major drive against the US Dollar. Weak US Dollar sentiment may also combine to play a part in the movement of the NZDUSD this week.
Nzd/Usd Daily Supply & Demand Zones:
Nzd/Usd 4H Supply & Demand Zones:
Nzd/Usd 1H Supply & Demand Zones: