• EUR/NZD rally extended rally above 1.6800 on Monday as kiwi dollar weakened on fears that drastic policy tightening by major central banks will tip the world into recession.
• The U.S. Federal Reserve is expected to hike rates by at least 75 basis points on Wednesday, while central banks in Britain and Switzerland are also likely to move this week.
• The pair rallies above the 1.6800 , stops short of key 1.6853 (23.6%fb) resistance zone.Break above will accerate towards 1.6880
• From a technical viewpoint, RSI is strongly bullish at 67, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.6853 (23.6%fb), any close above will push the pair towards 1.6883 (Higher BB).
• Immediate support is seen at 1.6672 (38.2%fb)and break below could take the pair towards 1.6642 (9DMA).
Recommendation: Good to buy on dips around 1.6800, with stop loss of 1.6700 and target price of 1.6880


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD dips on UK GDP data miss
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: AUD/USD dips on soft China data
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 



