NZD/USD continues to grind higher in wake of NZ CPI release nL2N3GP3HG

NZ yields higher as market prices out chance of an August rate cut

NZD/USD up 0.40% and approaching Monday's 0.5906 high

Resistance is at former support around 0.5940 where sellers tipped

NZD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

Only a break above the 10-day MA at 0.5971 would suggest bottom is forming

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