FxWirepro- GBPJPY Daily Outlook 
FxWirePro: EUR/NZD capped by 5DMA,good to sell on rally 
FxWirePro :GBP/NZD extends fall as surprise UK inflation dip spurs rate pause bets 
FxWirepro- GBPJPY Daily Outlook 
FxWirePro- EURUSD Daily Outlook 
FxWirepro- GBPJPY Daily Outlook 
FxWirePro : GBP/AUD slips towards 1.9000 level as weak UK business activity, retail data weighs 
FxWirePro :GBP/NZD extends drop, faces 23.6%fib support 
FxWirePro:EUR/NZD force is with bears a pair hits lowest since Aug 1st 
FxWirePro: EUR/AUD fragile, risks collapse to major fib0 support 
FxWirePro- EURUSD Daily Outlook 
FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (USDCHF) for the day) 
FxWirePro- Top altcoins for the day (Strength index) (MKRUSD) 
FxWirePro:GBP/AUD slips towards 1.9000 level as weak UK business activity, retail data weighs 
FxWirePro- EURUSD Daily Outlook 
FxWirePro: EUR/NZD strongly bearish despite upside attempts 
FxWirePro-Major pair levels and bias summary 
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©PUBLISH holdings LLC . All Rights Reserved.
FxWirePro: NZD/USD slips lower from 2-month high, 'Doji' at highs dents upside
Chart - Courtesy Trading View
NZD/USD was trading largely unchanged at 0.6432 at around 10:15 GMT.
The major has slipped lower from fresh 2-month highs at 0.6468, but bias remains bullish.
Uncertainty over the next Fed rate hike amid easing odds of aggressive Fed tightening keeps the USD bulls on the defensive.
US CPI report on Wednesday revealed that consumer prices were unchanged in July. Further, US Producer Price Index unexpectedly fell in July for the first time in two years, suggesting that inflation may have peaked. This brought down future rate hike expectations.
Investors have trimmed bets for a 75 Fed rate hike at the September policy meeting. Markets now price in a 50 bps Fed rate hike at the September meeting.
Focus now on the release of the Michigan US Consumer Sentiment Index, due later during the day for impetus.
Support levels - 0.6428 (110-EMA), 0.6366 (5-DMA), 0.6311 (200H MA)
Resistance levels - 0.65, 0.6575 (June high), 0.6616 (200-DMA)
Summary: NZD/USD trades with a bullish technical bias. The pair is poised for further upside.
Editor's Picks
- Market Data
