NZDUSD Chart Technical Outlook dip toward 0.5970 could be bought ahead of major data
NZD/USD has completed a five-wave downside structure and looks for an upside correction toward the 50% Fibo level at 0.6077. A limited pullback first is possible at 0.5970, but the dip should find buyers.
The RBNZ is due this Wednesday to decide on interest rates, and the US CPI will be published the same day. This should bring volatility to the pair.
