• EUR/NZD declined sharply on Wednesday as euro continued to weaken against kiwi dollar as focus shifted to the European Central Bank's key rate decision .|
• The ECB meets on Thursday, and money markets price in an almost certain chance of a first interest rate cut.
• The euro was 0.32% lower against the kiwi dollar at 1.7557 , The pair traded in range 1.7626 / 1.7543 on Wednesday.
• From a technical viewpoint, RSI is strongly bearish at 31, daily momentum studies, 5, 9 and 11 are trending down.
• Immediate resistance is located at 1.7623(Daily high), any close above will push the pair towards 1.7660(38.2%fib).
• Immediate support is seen at 1.7543 (23.6%fib) and break below could take the pair towards 1.7493 (Lower BB).
Recommendation: Good to sell around 1.7600 , with stop loss of 1.7700 and target price of 1.7530


FxWirePro:USD/JPY hovers near a four-decade low
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Woodies pivot (Major)
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



