#CurrencyPairPrediction Role of Commodity Inventory Levels in NZD/USD Forecasts: Commodity inventory levels play a supporting role in forecasting NZD/USD movements, as they influence global commodity prices—especially dairy, which is New Zealand’s key export. Low inventory levels can signal tighter supply and push prices higher, benefiting the NZD through improved trade terms and economic outlook. Conversely, high inventories may depress prices, weakening the NZD. While not the primary driver, inventory trends—especially in dairy, energy, and metals—serve as indicators of supply-demand dynamics that can impact New Zealand's export revenue and thus influence NZD/USD direction indirectly.