NZDUSD retraces all the CPI gains and bounces - ConsultFX

NZDUSD retraces all the CPI gains and bounces

Does a lap up and then back down. The NZD core CPI came in stronger than expectations at 1.7% (7 year high) and that sent the price soaring above the 200 hour MA at 0.6792 in the process. The high for the day reached 0.6840, but then started to give up the gains.