• EUR/NZD declined on Wednesday as euro was weighed down against the New Zealand as market expects ECB to remain dovish on Thursday.
• The European Central Bank is all but certain to keep policy unchanged on Thursday and push back against growing expectations for an interest rate hike next year.
• EUR/ NZD fell to close to the 23.6% fib. A break under 23.6% fib would unmask 1.6100 level in the short term.
•Technical signals are bearish as RSI is at 32, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Strong resistance is located at 1.6226( 9DMA), any close above will push the pair towards 1.6270 (38.2%fib)
• Immediate support is at 1.6156 (23.6% fib) and break below could take the pair towards 1.6100 (Psychological level).
Recommendation: Good to sell around 1.6200 with stop loss of 1.6300 and target price of 1.6100


FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



