FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: EUR/AUD falls below 1.7000, bears keep the advantage 
FxWirePro: EUR/ NZD heads deeper into bear territory, 23.6% fib eyed 
FxWirePro: AUD/USD eases from 3-year high , bias bullish 
FxWirePro: EUR/AUD gains some upside momentum but still bearish 
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
