• EUR/NZD declined towards 1.8350 level on Tuesday as traders avoided riskier currencies amid fears of a possible recession in the United States.
• The uncertainty in the currency markets is compounded by the unclear outlook of whether the U.S. economy is heading into a downturn.
• The pair picked up downside momentum and is approaching 50 % fib support. A close below will opens up 1.8200 level.
• Immediate resistance is located at 1.8483(38.2 %fib), any close above will push the pair towards 1.8691(23.6%fib).
• Strong support is seen at 1.8319(50 % fib) and break below could take the pair towards 1.8155 ( 61.8%fib).
Recommendation: Good to sell around 1.8360 , with stop loss of 1.8500 and target price of 1.8270


Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major US Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: GBP/USD advances on steady UK GDP growth
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



