• NZD/USD traders await to see how the land lies after the NZ CPI today.
• Bears have taken profits at key trendline support. 

As per the prior analysis, NZD/USD Price Analysis: Bulls seek a break of key trendline resistance, whereby a correction was underway and a continuation would be eyed for in due course, we have seen bears move into a 50% mean reversion area while leaving room on the table for a deeper move should today's data warrant it.