NZDUSD Chart Technical Outlook

NZDUSD Chart Technical Outlook heads north toward 0.6055 NZD/USD printed a higher low this month and will test October’s high of 0.6055. USD is under pressure after the soft US Inflation data. Eyes on today’s Retail Sales and PPI from the US. NZD is supported as a commodity currency benefiting from the risk appetite sentiment. Technical indicators and retailers’ sentiment support the bullish move. I expect more upside price action and dips on profit-taking to find buyers. Resistances: 0.6055, 0.6140 Supports: 0.6000, 0.5940

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