• EUR/ NZD dipped on Monday as energy concerns in Eurozone and weaker German data weighed on the pair.|
• Germany's Ifo Institute showed high energy prices in July and looming gas shortages weighed on business confidence in Europe's largest economy.
• Strong support is at 1.6230,A break below will encourage fresh selling and accelerate downtrend.
• Technical signals are bearish as RSI is at 39, daily momentum studies 5, 9 and 10 DMAs are trending south.
• Immediate resistance is located at 1.6318( 14DMA), any close above will push the pair towards 1.6440(38.2% fib)
• Strong support is seen at 1.6230(23.6%fib) and break below could take the pair towards 1.6150 (Lower BB).
Recommendation: Good to sell on rally around 1.6330, with stop loss of 1.6440 and target price of 1.6260


AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



