NZD/USD traders await to see how the land lies after the NZ CPI today.
Bears have taken profits at key trendline support.
As per the prior analysis, NZD/USD Price Analysis: Bulls seek a break of key trendline resistance, whereby a correction was underway and a continuation would be eyed for in due course, we have seen bears move into a 50% mean reversion area while leaving room on the table for a deeper move should today's data warrant it.
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