• EUR/NZD strengthened on Tuesday as worries about the Omicron variant dampened and weaker commodities prices weighed on risk sensitive kiwi dollar.
• The pair is currently approaching resistance at 1.6722(38.2%fib). A break and daily close above will accelerate further gains towards 1.6840 level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 62 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6722(38.2%fib), any close above will push the pair towards 1.6839(23.6%fib).
• Strong support is seen at 1.6665 (5DMA) and break below could take the pair towards 1.6626 (50% fib )
Recommendation: Good to buy around 1.6680 with stop loss of 1.6620 and target price of 1.6800


Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
Major Pair Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 



