• GBP/NZD steadied around 2.0657 on Wednesday as higher house prices in Britain supported bets that the Bank of England was not likely to cut rates any time soon..
• Data from mortgage lender Halifax revealed that British house prices experienced the strongest annual growth rate in a year, contributing to tentative indications of momentum in the housing market.
• A rally towards 2.0800 is possible if GBP/NZD bulls overcome resistance 23.6%fib.
• Technical signals are bullish as RSI is rising at 61, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 2.0724(38.2%fib), any close above will push the pair towards 2.0779 (Feb 6th high)
• Strong support is seen at 2.0623(50%fib) and break below could take the pair towards 2.0495 (61.8%fib).
Recommendation: Good buy around 2.0640, with stop loss of 2.0500 and target price of 2.750


FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Woodies Pivot(Major) 



