NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated

The NZD/USD saw a volatile session on Friday, initially soaring to a high around 0.5970 near the 20-day Simple Moving Average (SMA) before erasing all the gains towards 0.5850.
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New Zealand Producer Price Index - Output (QoQ) above forecasts (0.9%) in 3Q: Actual (1.5%)

New Zealand Producer Price Index - Output (QoQ) above forecasts (0.9%) in 3Q: Actual (1.5%)
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