FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro- Woodies pivot (Major) 
BNB/USD formed a double bottom near $500 and showed a minor pullback. It hit a high of $611 and is currently trading around $577.80.
MGX has made a substantial $2 billion investment in Binance, representing a landmark event as the exchange's first institutional backing and the most significant individual investment within the digital asset sector. The transaction, completed entirely using stablecoins, reinforces trust in Binance's robust financial standing.
Overall bias remains bullish as long as support of $500 holds. It trades above the 34 and 55 EMA on the 4-hour chart. If the pair closes below $500, potentially leading to further declines towards $400.
Immediate Resistance is at $620. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $640/$678/$700/$730.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
It is good to buy on dips around $540 with a stop-loss set at $540 and a target price of $730.
