NZD/USD finally breaks out of triangle

The US producer price index (PPI) for finished goods fell by 1.3% in September, the largest since prices fell 1.4% in April 2003, and versus an expected 0.7% decline. TICS came in at a record US$116.8 billion,
almost doubling the consensus estimate, but that did not grab the
appetite of any USD/CHF bulls above 1.2700. In fact, the pair went
below 1.2665, which was the low of last Friday, when Industrial
Production was released 45 mins later worse than expected (-0.6%;
consensus -0.1%) . Could USD stabilize and stage a return amidst the
surprise record of TICS? Perhaps not yet, because forex traders are
eyeing the US Consumer Price Index (CPI) tomorrow, and fear that CPI could come in less than expected too, like...