• EUR/NZD strengthened on Friday as the pairs bullish allure persisted across the board post U.S. inflation data.
•The U.S. personal consumption expenditures price index rose 5.4% year-on-year in January, up from 5% in December.
• A daily close above 1.7125(23.6% fib)will further improve the technical outlook, and open the possibility of a rally towards 1.7200 level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 58 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7069 (5DMA), any close above will push the pair towards 1.7125(23.6% fib).
• Strong support is seen at 1.6995 (38.2% fib) and break below could take the pair towards 1.6943(Feb 15th low )
Recommendation: Good to buy around 1.7050, with stop loss of 1.6900 and target price of 1.7130


FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Woodies pivot (Major)
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 



