• EUR/NZD declined on Friday as higher commodity prices and lowered expectations of European economic growth weighed on the pair.
• Euro declined as investors worried that higher commodity prices will dent growth in the European Union.
• Selling pressure will remain in the short-term, only a move above 1.6032 (50%fib)strong resistance will shift the bias higher.
• Technical signals show the pair could lose more ground as RSI is at 16 bearish, and 5, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.6032 (50%fib), any close above will push the pair towards 1.6149(61.8%fib).
• Immediate support is seen at 1.7575 (38.2%fib) and break below could take the pair towards 1.5705 (23.6% fib).
Recommendation: Good to sell round 1.5950, with stop loss of 1.6100 and target price of 1.5880


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



