• EUR/NZD strengthened on Thursday as kiwi dollar continued weaken following Reserve Bank of New Zealand’s dovish hike on Wednesday.
• Reserve Bank of New Zealand that shocked markets by signalling rate hikes are over, after raising rates to an 14-year high of 5.50%.
• 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 1.7738 (Daily high), any close above will push the pair towards 1.7788 (23.6% fib).
• Strong support is seen at 1.7581(38.2% fib) and break below could take the pair towards 1.7522 (April 14th low )
Recommendation: Good to buy around 1.7700 with stop loss of 1.7620 and target price of 1.7760


FxWirePro- Major Pair levels and bias summary
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro-Major European Indices
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/NZD remains bullish as rally continues
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro- Major European Indices
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900 



