• GBP/NZD initially strengthened on Thursday but some of earlier gains faded as investors digested US CPI data.
• Data showed U.S.consumer prices rose less than expected in October, spurring bets that the Fed will hike interest rates by a smaller 50 basis points in December.
• The pair inability to hold gains above 1.9586 (14DMA), may increases the likelihood of a drop towards1.9350 level.
• Technicals are favouring bearish sentiment as RSI is at 45 and the pair is trading below 11,14 & 21-DMAs.
• Immediate resistance is located at 1.9470 (50% fib), any close above will push the pair towards 1.9581 (14DMA)
• Strong support is seen at 1.9341 (38.2% fib)and break below could take the pair towards 1.9258 (Nov 9th low).
Recommendation: Good to sell around 1.9450, with stop loss of 1.9550 and target price of 1.9320


FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major Crypto levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists 



