NZD/USD eased to the bottom of a sideways pattern on Thursday. Resurging fears of fewer Fed cuts bolstered Greenback. NZ Consumer Confidence, Inflation Expectations recover ground but remain low.
9 in May Consumer Inflation Expectations in May also eased further, declining to 3.8% compared to April’s 4.4%. On the other hand, Consumer House Price Inflation rose further to 3.5% from 3.2%. NZD/USD technical outlook The Kiwi has been churning sideways recently, with a technical ceiling hardening from 0.6140. Bids are catching technical support from the 200-hour Exponential Moving Average near 0.6089.
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