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- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
JPY Major Currency Score
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
Major Pair Currency Score: EURUSD and GBPUSD Extremely Bearish, USDCAD and USDCHF Extremely Bullish
NZDJPY: Bearish Trend Favors Sellers on Rallies Near 90.18-20 Resistance
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro- Major Pair levels and bias summary 



