New Zealand started 2014 with lower than expected prices: 0.3% instead of 0.5% expected in the quarter and only 1.5% instead of 1.7% year on year, lower than 1.6% in the previous quarter. New Zealand’s No. 1 export, dairy products, suffered a stronger than expected drop. NZD/USD fell from around 0.8640 to 0.8580. Has it found stable ground or does it have more to fall? As New Zealand publishes CPI data only once per quarter this publication always has a significant impact on the kiwi. In this case, it may also slow down the tightening cycle the RBNZ commenced upon. The RBNZ meets next week for the first time after the well telegraphed rate hike, which also included hawkish comments about many upcoming moves. The central bank will probably raise the rates once again from 2.75% to 3%, but could hint about a pause or a slowdown in the next moves. NZD/USD is now at support around 0.8586. If it falls makes a convincing break lower, the next line is 0.85, which is a round number. Resistance awaits at 0.8650. For more, see the NZDUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next UK unemployment falls to 6.9% – GBP/USD soars above 1.68 Yohay Elam 8 years New Zealand started 2014 with lower than expected prices: 0.3% instead of 0.5% expected in the quarter and only 1.5% instead of 1.7% year on year, lower than 1.6% in the previous quarter. New Zealand's No. 1 export, dairy products, suffered a stronger than expected drop. NZD/USD fell from around 0.8640 to 0.8580. Has it found stable ground or does it have more to fall? As New Zealand publishes CPI data only once per quarter this publication always has a significant impact on the kiwi. In this case, it may also slow down the tightening cycle the RBNZ commenced upon.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.