• EUR/NZD fell below1.9700 level on Wednesday as increased risk-on sentiment boosted commodity linked New Zealand dollar
• The Reserve Bank of New Zealand recently kept its Official Cash Rate unchanged at 2.25% and reiterated that policy remains accommodative as inflation gradually moves toward the midpoint of its target range.
•Governor Anna Breman said that gradually improving economic conditions are expected to support stronger growth this year without triggering renewed inflationary pressures..
• Money markets do not expect a rate hike from the Reserve Bank of New Zealand before late in the year.
• The technical outlook remains bearish and points to eventual bigger gains, fourteen-day momentum is negative, reinforcing the scope for a bigger drop
• Immediate resistance is located at 1.9740(38.2%fib), any close above will push the pair towards 1.9805(Higher BB)
• Support is seen at 1.9683(SMA 20) and break below could take the pair towards 1.9564(Lower BB)
Recommendation: Good to sell around 1.9700 with stop loss of 1.9800 and target price of 1.9620


FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro- Woodies Pivot (Major)
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro- Woodies Pivot (Major)
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum 



