Technical Analysis:
- NZD/USD hit fresh 3-week high at 0.7047, intraday bias higher.
- Potential 'Bearish Cypher' pattern seen on daily charts.
- Momentum studies bullish, scope for test of 200-DMA at 0.7080.
- However, 'Death Cross' (50-DMA and 200-DMA) evidenced, so caution advised.
Fundamental Factors:
- Recovery seen across the commodities’ space, particularly in oil and copper prices which is supporting commodity currencies
- Markets look past bearish Chinese CPI data
- Focus now remain on the upcoming US jobs data for some fresh incentives.
Support levels - 0.70 (23.6% Fib of 0.74854 to 0.68621 fall), 0.6999 (5-DMA), 0.6953 (20-DMA)
Resistance levels - 0.7069 (50-DMA), 0.7080 (200-DMA), 0.7100 (38.2% Fib)
Recommendation: Good to go long on dips around 0.70, SL: 0.6950, TP: 0.7050/ 0.7080/ 0.71
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at 102.759(Highly bullish), while Hourly USD Spot Index was at -97.5576 (Bearish) at 0440 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 



