The NZD/USD caught an early morning bid on Monday, getting lifted into the 0.6000 handle, pushing the pair back into the top end of recent consolidati
NZD/USD trying to hold onto territory north of 0.6000as Kiwi catches a Monday bid. Further upside likely to remain constrained as investors await further input from RBNZ. US Dollar flows to dictate directional momentum with little meaningful data on the economic calendar for the Kiwi. on. The Kiwi has largely avoided broad-market safe haven flows for Monday, with the US Dollar seeing gains against the majority of the board.
The US PPI is expected to tick upwards to 2.3% from 2.2%, while CPI is seen stepping down from 3.7% to 3.6%, and the Michigan sentiment index is expected to decline from 68.1 to 67.4. NZD/USD Technical Outlook The Kiwi is getting pushed into the top end for Monday, pinning into the 0.6020 level after the day's opening bids near 0.5967.
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