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 Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115
FxWirePro: GBP/AUD edges higher but bulls lack punch
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro:' USD/CAD faces downside risk below 1.4000
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 



