Unexpected RBNZ rate cut weighed heavily on the Kiwi, sell-off pushed NZD/USD to fresh one week lows at 0.6619.
- The pair has since recovered some losses and is currently at 0.6632, just holding above 200-DMA at 0.6628.
- Trendline support for the pair lies at 0.6620, decisive break below could drag the pair to 0.6565 levels.
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-edges-lower-from-session-highs-at-06750-good-to-sell-rallies-175182) has hit targets 1 and 2.
- We see no respite from bears for now, downside likely to extend.
Recommendation: Book partial profits, lower stops to 0.6680, target 0.66/0.6585/0.6565


FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



