The release of inflation expectations is the highlight of this week’s kiwi indicators. Here’s an outlook for the kiwi in the upcoming week. NZD/USD chart with support and resistance lines marked. Click to enlarge: On one hand, producer prices rose more than expected, boosting the kiwi on expectations for fresh rate hikes. On the other hand, the global slowdown, led by Ben Bernanke, reduced the demand for “high risk” currencies such as the New Zealand dollar. The result – NZD/USD eventually closed the week very closed to where it ended the previous one. Let’ see what’s up now: Inflation Expectations: Published on Tuesday at 3:00 GMT. Expectations for inflation often turn into real inflation. This is an indicator for future rate moves, and is of high importance due to the frequency of the release – only once a quarter. Expectations have risen gradually in the past year, from 2.3% to 2.8% in Q1. Q2 will probably see stability. NZD/USD Technical Analysis The kiwi enjoyed the risk rally at the beginning of the week and it made move from the support line of 0.70 (mentioned in last week’s outlook) through the 0.7160 and up to 0.72 before bouncing back down all the way. Like last week, the pair is bound between the round number of 0.70 and 0.7160 which temporarily held the pair in the past week, and also beforehand. Below, 0.69 is the next support line. It previously worked as a line of resistance in May, after the pair fell down sharply. Lower, 0.6790 that was a swing low in mid-July and also held NZD/USD in February is the next support line. Below, 0.6685 worked as support back in September and was a pivotal line in July. The final line for now is the year-to-date low of 0.6560. Above, 0.7160 provides minor resistance, and its followed by 0.72 that worked as support quite recently. Higher, 0.7325 that was an area of struggle and also a peak in May is the next line of resistance, followed by the 0.7440 region, which capped the pair when it traded higher. I remain bearish on NZD/USD. After the disappointing quarterly employment data, the kiwi is more vulnerable than others to the gloomy market mood. Further reading: For a broad view of all the week’s major events worldwide, read the USD outlook. For EUR/USD, check out the Euro/Dollar Forecast. For GBP/USD (cable), look into the British Pound forecast. For the Australian dollar (Aussie), check out the AUD/USD forecast. For USD/CAD (loonie), check out the Canadian dollar forecast. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. NZD/USD Forecast share Read Next GBP/USD Outlook – August 23-27 Yohay Elam 11 years The release of inflation expectations is the highlight of this week's kiwi indicators. Here's an outlook for the kiwi in the upcoming week. NZD/USD chart with support and resistance lines marked. Click to enlarge: On one hand, producer prices rose more than expected, boosting the kiwi on expectations for fresh rate hikes. On the other hand, the global slowdown, led by Ben Bernanke, reduced the demand for "high risk" currencies such as the New Zealand dollar. The result - NZD/USD eventually closed the week very closed to where it ended the previous one. Let' see what's up now: Inflation Expectations:… Top 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.