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  • $AUDUSD little changed on an overall mixed Q2 Australian CPI report Headline rates were slightly better-than-expected - 3.8% y/y vs 0.8% seen - 0.8% q/q vs 0.7% seen But, the RBA preferred trimmed mean gauges were as expected - 1.6% y/y - 0.5% q/q Eyes on #Fed next! https://t.co/qIXNi1aURz
  • 🇦🇺 Inflation Rate QoQ (Q2) Actual: 0.8% Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-07-28
  • 🇦🇺 Inflation Rate YoY (Q2) Actual: 3.8% Expected: 3.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-07-28
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/YGwZ0JDBaO
  • Heads Up:🇦🇺 Inflation Rate QoQ (Q2) due at 01:30 GMT (15min) Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇦🇺 Inflation Rate YoY (Q2) due at 01:30 GMT (15min) Expected: 3.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-07-28
  • Dow Jones Falls on Apple, Microsoft and Alphabet Earnings, Nikkei 225 May Follow https://www.dailyfx.com/forex/market_alert/2021/07/28/Dow-Jones-Falls-on-Apple-Microsoft-and-Alphabet-Earnings-Nikkei-225-May-Follow.html https://t.co/bTiRm5Dl6d
  • Sydney lockdown will be extended for 4 weeks through August 28 - BBG
  • Was an absolute pleasure to talk about the US Dollar and $AUDUSD ahead of the #Fed on @ausbiztv with host @AusAndrewG Full show in the link below to get my latest thoughts on #USD and #AUD https://t.co/odDa3z6vqk https://t.co/hPuyoQ9quR
  • The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.Get your market update from @ddubrovskyFX here:https://t.co/f0crShr7Cf https://t.co/PYU8vWVR7x
New Zealand Dollar Outlook Remains Positive

New Zealand Dollar Outlook Remains Positive

David Rodriguez, Head of Product
New Zealand Dollar Outlook Remains Positive

Why and how do we use the SSI in trading? View our video and download the free indicator here

NZDUSD – Retail FX traders remain marginally net-short the New Zealand Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further NZD/USD gains. It was last week that we noted a marked shift towards selling warned of a near-term turn higher in the NZD. And until we see the opposite—crowds buying—we see little reason to alter our near-term forecast.

See next currency section: XAUUSD - Gold Price Forecast to Fall Further versus Dollar

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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