• EUR/NZD slumped on Tuesday as euro was weighed down against the New Zealand dollar after RBNZ projected that it would hike interest rates as early as Sept next year.
• The Reserve Bank of New Zealand kept interest rates at 0.25% as anticipated however amazed many by projecting a rate of 0.49% by September 2022, and not much less than 1.78% by June 2024.
• EUR/ NZD fell to 1.6712 close to the 23.6% fib. A break under 23.6% fib would unmask 1.6650 level in the short term.
• Technical signals are bearish as RSI is at 45, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Strong resistance is located at 1.6771( 38.2%fib), any close above will push the pair towards 1.6796 (21DMA)
• Immediate support is at 1.6702 (23.6% fib) and break below could take the pair towards 1.6655 (Ichimoku cloudbase).
Recommendation: Good to sell around 1.6760 , with stop loss of 1.6850 and target price of 1.6670


FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: GBP/USD advances on steady UK GDP growth
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



