- NZD/USD edged higher to hit 0.73 levels after RBNZ decided to cut cash rate by 25 bps to 1.75%, as widely expected and left doors open for more easing in the future.
- Kiwi quickly faded the entire knee-jerk spike and slipped below 0.73 handle.
- RBNZ Governor Wheeler's comments on likely intervention weighed heavily on the prices.
- Technially, we see scope for downside. 5-DMA is biased lower, along with Stochs and RSI.
- Strong support is seen at 0.7214 (20-DMA). Violation there could see further downside.
- Major support levels - 0.7214 (20-DMA), 0.72, 0.7180 (Nov 2 lows)
- Major resistance levels - 0.73/ 0.7315 (5-DMA), 0.7390 (Trendline)
Recommendation: Good to sell rallies around 0.7250/60, SL: 0.7315, TP: 0.7215/ 0.72/ 0.7180


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/USD dips lower on negative UK retail sales data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



