FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Woodies Pivot(Major) 
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GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
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FxWirePro- Major Crypto levels and bias summary 
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NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
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FxWirePro- Woodies Pivot(Major) 
FxWirePro-Major European Indices 
USDCHF trades higher for consecutive days and hits high on board-based US dollar buying. The pair gained momentum after hawkish FOMC meeting minutes. US PCE data came above estimates and also pushed USDCHF further higher. US Personal Consumption Expenditure YoY increases to 4.7% in Jan vs. forecast of 4.3%. It hits an intraday high of 0.94289 and is currently trading around 0.94197.
US new home sales rose 7.2% to an annualized pace at 670000, above the estimate of 620000.
Major economic data:
US durable goods order
US Pending home sales
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Mar jumped to 27.7% from 18.1% a week ago.
The US 10-year yield recovered above 3.95% after a minor sell-off. The US 10 and 2-year spread widened to -89 basis points from -77% bpbs.
Technically in the 4-hour chart, the pair is holding above short-term (21 and 55 EMA) and above long-term 200 EMA (0.92611). Any daily close above 0.9410 confirms further bullishness; a jump to 0.9465/0.9500 is possible. Significant bullish continuation only if it breaks 0.9600.
9270/0.9220/0.9160/0.9130 is possible.
The near-term support is around 0.93800 and any breach below targets is 0.93500/0.9300/0.9230.
Indicators (4-hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 0.9380 with SL around 0.9320 for the TP of 0.9500.
