• EUR/NZD strengthened on Tuesday as inflation fears from Iran war dampen risk appetite.
• Worries remain about a lasting inflationary shock from the Iran war, particularly from sharply higher energy prices.
•Global rate hike expectations have shifted higher, with traders increasingly pricing in a greater likelihood of Fed tightening as policymakers respond to renewed inflation pressures driven by sustained high energy prices.
• On the data front,New Zealand’s producer input prices climbed 1.4% in the first quarter, while output prices increased 0.8%. Meanwhile, electronic card retail sales dropped 1.3% in April, according to Statistics New Zealand data released Tuesday.
• Immediate resistance is located at 1. 9940 (Daily high ), any close above will push the pair towards 2.0076 (50%fib)
• Immediate support is seen at 1.9830 (38.2%fib) and break below could take the pair towards 1.9733(May 14th low).
Recommendation: Good to sell around 2.0000 with stop loss of 2.0100 and target price of 1.9800


FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro:EUR/NZD bears maintain upper hand
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
EUR/USD Consolidation Setup: Buy Dips at 1.1650 for a Move to 1.1760
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 



