FXStreet (Córdoba) - Today, Global Dairy Trade will release its GDT price index, which uses a weighted-average of the percentage changes in dairy prices sold at auction. The tentative time for release is around 14:00 - 15:00 GMT. The index has gained relevance lately given the fluctuations in dairy products and its impact in the New Zealand economy. The latest reading showed a 7.4% decline in the price index compared to its previous release two weeks before. Dairy prices are leant by futures to fall further. A sharp drop in dairy prices will weigh on the New Zealand dollar, fading the bounce enjoyed during the European session and putting NZD/USD aiming for lower lows. NZD/USD levels to watch In terms of technical levels, NZD/USD could face next supports at 0.6457/52 (61.8% Fibo of 0.6185-0.6897/Nov 17 low), 0.6437 (Oct 5 low) and then 0.6383 (Oct 2 low). On the other hand, resistances are seen at 0.6547/0.6555 (50-day SMA/100-day SMA), 0.6587 (Nov 11 high) and 0.6642 (Nov 5 high). For more information, read our latest forex news.