GDT price index came in at -2.8% vs -7.4% prior, down for the 4th consecutive time, furthering downside in NZD/USD.
- RBNZ's quarterly inflation expectations survey showed the outlook for inflation on a 2-year horizon slowed sharply to 1.63% from 1.85%, the lowest level since 1994.
- On the technical side, the pair has broken strong trendline support at 0.6585 in Tuesday's trade.
- Momentum indicators are biased lower, Stochs has crossover from overbought levels and RSI points south.
- Histogram on the MACD has slipped below zero and the MACD line is on the verge of a bearish crossover below signal line.
- 0.6548 (50% fib of 0.6347 to 0.6750 rise) is initial support on the downside ahead of 0.6506 (Feb 3rd lows).
- Immediate resistance is seen at 0.66 (38.2% fib of 0.6347 to 0.6750 rise) and then at 0.6659 (Feb 8th highs).
Recommendation: Good to sell rallies around 0.6580, SL: 0.6660, TP: 0.65/0.6450


GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: NZD/USD drifts lower as markets await US inflation data
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch 



