• EUR/NZD initially dipped on Wednesday on renewed bank contagion fears but rebounded as investors awaited ECB interest rate decision.
• European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating.
• The current uptrend is likely to continue as long as the pair does not move below 50% fib support.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 53 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7213 (38.2%fib), any close above will push the pair towards 1.7352 (Higher BB).
• Strong support is seen at 1.7069(50% fib) and break below could take the pair towards 1.6968(March 15th low )
Recommendation: Good to buy around 1.7150 with stop loss of 1.7050 and target price of 1.7230


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro- Major European Indices
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



