The New Zealander remains near significant resistance

The price index in New Zealand from Global Dairy Trade was -1.0% against the forecast of -2.4%. This indicator has slightly increased, but still remains negative, which indicates a decrease in the volume of milk sales. And as a result, this value can increase the pressure on the NZD/USD pair.

Previously, the pair NZD/USD received support based on inflation data. Despite this, this pair remains to trade in a sideways trend. The fixing of the price below the level of 0.7150-40 will be regarded as a signal to sales to support levels: 0.7110-00.

Hanzenko Anton