Kiwi slumped in the Asian session as data showed inflation fell 0.5% in the December quarter, much weaker than the market forecast of a 0.2% drop.
- The annual change in the CPI was just a 0.1% increase, the weakest rise in more than 15 years, mainly due to lower fuel prices, way away from RBNZ's target.
- As inflation continues to miss the bank's target, expectations rise for another RBNZ rate cut further weighing on the kiwi.
- NZD/USD has broken below strong support at 0.6425, drop till 0.6240 likely, Techs point south.
- The pair finds immediate resistance at 0.6433 (5-DMA), while supports on the downside are located at 0.6311 (Sept 17 lows) and then 0.6243 (Sept 7 lows).
Recommendation: Good to sell rallies around 0.64 levels, SL: 0.6440, TP1: 0.6310, TP2: 0.6290, TP3: 0.6240


FxWirePro: EUR/NZD recovers from early dip, upside pressure builds
NZD/JPY Facing EMA Resistance Below 90: Is a Bearish Continuation Underway?
FxWirePro: GBP/NZD positions for another climb, eyes 2.3700 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR holds above 16.600, maintains bullish bias
FxWirePro: GBP/USD retreats as Bailey warns of prolonged inflation risks
FxWirePro: USD/ZAR advances as strong dollar and higher oil prices pressure rand
AUD/JPY Pares Gains Below 55 EMA: Is a Bearish Retreat Toward 108.00 Underway?
FxWirePro-The Crypto Leaderboard Dashboard
FxWirePro: GBP/USD slips as dollar strengthens ahead of Fed minutes
FxWirePro: GBP/AUD steadies above 1.9000, retains bid tone
FxWirePro: NZD/USD bearish bias intact, eyes 0.5500 level
The Great Liquidation: A BTC and ETH Futures & Options Data Dashboard Review of Oct 7
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro- Woodies Pivot
FxWirePro: USD/CAD edges lower but outlook is still bullish
Major Pair Currency Score & Key Levels to Watch: GBPUSD Extremely Bearish; EURUSD, NZDUSD and AUDUSD Bearish; USDCAD and USDCHF Bullish 



