NZD/USD: consolidating opening US election volatility and CPI corrections

NZD/USD is slightly bid after moving in a wide early Asian range in the opening for the week that holds the US elections that are now just 48hrs away.   

NZD/USD is currently consolidating the opening volatility with not only the frenzy over the FBI news, but also the corrections for NZ consumers price index (CPI) figures for September's quarter with new estimates as 0.3% q/q vs the previously published 0.2%, while CPI for the year to the September's 2016 quarter is now 0.4% from previously published 0.2%.

NZD/USD levels

NZD/USD has been better bid since the late October double bottom at 0.7080, reaching a high of 0.7343 in recent trade. 0.7260 to the downside guards 0.72 the figure as immediate supports while, to the upside, 0.7483 are the early Sep lows on a break of 0.7380.