• EUR/NZD initially gained on Tuesday but gave up some ground as investors awaited New Zealand's central bank interest rate decision on Wednesday.
• New Zealand's central bank is set to cut interest rates by 50 basis points to 3.75% on Wednesday, with economists forecasting an additional 75 bps of easing this year.
• At its November meeting, RBNZ Governor Adrian Orr indicated a 50 bps cut this month, and little has changed to alter the expectation that the central bank will proceed with it.
• The technical outlook remains berish and points to eventual bigger gains, fourteen-day momentum is negitive, reinforcing the scope for a bigger drop
• Immediate resistance is located at 1.8395(38.2fib), any close above will push the pair towards 1.8458(Feb 14th high)
• Support is seen at 1.8250(50%fib) and break below could take the pair towards 1.8219(Lower BB)
Recommendation: Good to sell around 1.8360 with stop loss of 1.8200 and target price of 1.8280


FxWirePro- Major Pair levels and bias summary
Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target
AUDJPY Holds the Line: Positive Bias Intact Above 109 – Dip Buyers Eyeing 112 Breakout?
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support
FxWirePro- Major European Indices
EURGBP Breaks Above 0.8700 on Euro Surge: Bullish Momentum Builds Toward 0.8800+?
EUR/USD Powers Higher on Dismal US Retail Sales Miss: Bullish Breakout Brewing Toward 1.2000?
FxWirePro: USD/JPY slides below 154 level, scope for further downside
FxWirePro: NZD/USD firms, setting up for next leg higher
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but bears are not done yet
GBP/JPY Slips Below 210 as Yen Surge Turns Rallies into Selling Opportunities
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro: AUD/USD climbs to fresh three-year high amid hawkish RBA expectation 



