Forex technical analysis: NZDUSD gives back most of CPI gains in trading today

Could not take out yesterday’s highs
The NZDUSD have given back most of the CPI gains during the London and NY trading sessions.   At the start of the trading day today, NZ CPI was reported up by a greater than expected 1.0% for the 1Q and 2.2% YoY. Both were higher than expectations of 0.8% and 2.0%. respectively.