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NZDUSD - Primary Analysis - Jul-16 1445 PM (4 hour) - H4

In the NZDUSD currency pair, we see that the price is falling or rising in one step. Accordingly, the price can rise to the price of 0.7094, but if it wants to be accompanied by a fall, it can record a fall to the price of 0.6937.

Traders will be watching out for U.S. retail sale figures for June due later this session and looking for any reading on inflation and the strength of the recovery. It gained as much as 1% versus the U.S. dollar and was last up 0.7% at $0.70270. Elsewhere, NZD/USD rose 0.5% to 0.7014 after New Zealand’s consumer price index for the second quarter grew 3.3% year-on-year and 1.3% quarter-on-quarter, a decade high. This, in turn, kept a lid on any meaningful upside for the NZD/USD pair, at least for now.



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