• NZD/USD traded near two month low on Thursday, as dismal inflation data fanned expectations of aggressive monetary easing.
•Annual inflation decreased to 2.2% in the third quarter from 3.3% the previous quarter, marking the first time in more than three years that inflation has fallen inside the RBNZ's target range of 1-3%.
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• At (GMT 06:38) Kiwi dollar was trading at up 0.10% at $0.6063 against the U.S. dollar.
• The technical outlook remains bearsih and points to eventual bigger gains, Fourteen-day momentum is negative, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 0.6084(5SMA), any close above will push the pair towards 0.6114(38.2%fib).
•Support is seen at 0.6053 (23.6%fib) and break below could take the pair towards 0.6000 (Psychological level ).
Recommendation: Good to sell around 0.6080, with stop loss of 0.6150 and target price of 0.6000
