NZ 1Q CPI QoQ 0.5% vs. 0.4% expected. YoY 1.1% vs. 1.1% expected. - ConsultFX

NZ 1Q CPI QoQ 0.5% vs. 0.4% expected. YoY 1.1% vs. 1.1% expected.

1Q CPI for New Zealand The NZ 1Q CPI came in a touch better at 0.5% vs 0.4% The NZDUSD moved higher as the initial reaction. The price moved to the 200 hour MA at 0.7343 (the high reached 0.7342). The 100 hour MA is at 0.7349.  The underside of the trend line is at that level.