• EUR/NZD edged higher as investors remain cautious ahead of Wednesday’s U.S. inflation report, which is expected to provide fresh clues on the Federal Reserve’s interest-rate outlook..• U.S. July CPI is the key event later Wednesday, with the Reuters poll forecasting headline inflation at 3.4% year-on-year and core inflation at 2.5% year-on-year. • A hotter-than-expected reading could strengthen the U.S. dollar by reducing expectations for near-term Fed easing. • Immediate resistance is located at 1.9662(38.2% fib), any close above will push the pair towards 1.9763 (Higher BB). • Immediate support is seen at 1.9495(Lower BB) and break below could take the pair towards 1.9465 (23.5%fib). Recommendation: Good to sell around 1.9670 with stop loss of 1.9750 and target price of 1.9600