• EUR/NZD declined on Friday as the prospect of a rate hike in New Zealand next week boosted kiwi dollar against euro
• The Reserve Bank of New Zealand is likely to raise its official cash rate by 25 bps to 5.50% at its May 24 meeting.
• Selling pressure will remain in the short-term, a close below support at 23.6%fib will give further momentum to bears .
•Technicals are favouring bearish sentiment as RSI is falling at 39 and the pair is trading below 5,9 & 21-DMAs.
• Immediate resistance is located at 1.7305 (Daily high), any close above will push the pair towards 1.7355 (38.2%fib).
• Immediate support is seen at 1.7150(23.6%fib) and break below could take the pair towards 1.7048 (Lower BB).
Recommendation: Good to sell round 1.7220, with stop loss of 1.7300 and target price of 1.7160


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



