NZD/USD depicts market’s inaction around 0.6370 amid mixed clues

• NZD/USD seesaws inside a choppy trading range for the second consecutive day.
• Sluggish markets restrict Kiwi pair’s immediate moves despite upbeat second-tier data from New Zealand.
• US Inflation is the key to clear directions, risk catalysts may entertain intraday traders.

NZD/USD struggles to justify the previous day’s bearish Doji candlestick as it treads water around 0.6370 during early Wednesday. In doing so, the Kiwi pair portrays the market’s inactivity amid a light calendar and mixed catalysts.

Among them, the US Dollar’s hesitance to track the downbeat US Treasury bond yields joins firmer New Zealand (NZ) data and a light calendar elsewhere. Also likely to restrict immediate NZD/USD moves could be the market’s cautious mood ahead of Thursday’s key inflation data for the US and China.