FxWirePro- Major Pair levels and bias summary 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro- Woodies Pivot(Major) 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro- Major European Indices 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro: USD/CAD pauses decline,critical support lies ahead 
FxWirePro- Woodies Pivot(Major) 
- RBNZ in its economic assessment report released today, called for further easing to address the problem of low inflation.
- NZD/USD hits 1-1/2 month lows at 0.6951 after RBNZ bolstered August rate cut bets, has recovered slightly to currently trade at 0.6971 levels.
- Downside in the pair also supported from the recent strong US data which has resulted in the rise in Fed rate hike expectations in 2016.
- Technically the pair has broken below 50-DMA at 0.70 and we see scope for test of 100-DMA at 0.6915.
- A violation there could take the pair to 0.6835 and then 0.68 levels.
- Momentum studies are bearish, however, stochs are at oversold territory so some caution is advised.
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-holds-major-support-at-07010-further-downside-only-on-break-below-238154) has hit TP1.
Recommend holding for targets.
