FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
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FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Major Pair levels and bias summary 
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FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
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FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro- Major European Indices 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
- AUD/NZD is trading around 1.0478 marks.
- Pair made intraday high at 1.0531and low at 1.0456 marks.
- Intraday bias remains bearish till the time pair holds initial resistance at 1.0547 marks.
- A sustained close above 1.0547 is required to drag the parity higher towards 1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a daily close below 1.0496 will take the parity down towards key supports around 1.0408, 1.0362 and 1.0231 marks respectively.
- Today New Zealand released GDP data with positive numbers at 0.7% q/q vs 0.5% q/q growth rate forecast by markets.
- Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart.
We prefer to take short position in AUD/NZD around 1.0485, stop loss 1.0547 and target 1.0408 levels.
