NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 
FxWirePro: EUR/CAD extends fall, vulnerable to more downside 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
- Gold has declined almost 2% from the yesterday high of $1242 lowest in eight weeks on account of higher yield and hawkish shift of central banks . It is currently trading around $1222.
- US dollar index recovered slightly from the low of 95.47 on account of better than expected U.S ISM manufacturing index. The ISM manufacturing index rose to 57.8 in June compared to 54.9 in May highest since 2014.
- Gold’s near term support is around $1217 (May 9th 2017 low) and break below will drag the commodity down till $1214/$1200/$1195. The yellow metal should break below $1180 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1235 (200 day MA) and any break above will take the commodity till $1248 (89- day EMA)/$1258.
It is good to sell on rallies around $1226-$1228 with SL around $1236 for the TP of $1214/$1200.
