FXStreet (Córdoba) - NZD/USD edged lower and hit fresh daily lows after Fonterra's Global Dairy Trade price index fell 7.4% at today’s auction. NZD/USD fell under previous daily lows and hit a fresh one at 0.6460 after the GDT auction figures were released. However, data had only mild impact on the kiwi, which continues to trade well within yesterday’s range. At time of writing, NZD/USD is trading at 0.6465, down 1.19% on the day. The previous Fonterra reading on January 19th showed a 1.4% decline in the price index. The index has gained relevance lately, as approximately 7% of New Zealand GDP comes from milk exports. NZD/USD technical levels As for technical levels, if NZD/USD breaks below 0.6447 (Feb 1 low), next supports could be found at 0.6410 (Jan 21 low) and 0.6347 (Jan 20 low). On the flip side, resistances line up at 0.6557 (Feb 1 high), 0.6589/93 (Jan 13 high/100-day SMA) and 0.6626 (50- day SMA). For more information, read our latest forex news.