• EUR/NZD declined on Friday as higher commodity prices and lowered expectations of European economic growth weighed on the pair.
• Euro declined as investors worried that higher commodity prices will dent growth in the European Union.
• Selling pressure will remain in the short-term, only a move above 1.6032 (50%fib)strong resistance will shift the bias higher.
• Technical signals show the pair could lose more ground as RSI is at 16 bearish, and 5, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.6032 (50%fib), any close above will push the pair towards 1.6149(61.8%fib).
• Immediate support is seen at 1.7575 (38.2%fib) and break below could take the pair towards 1.5705 (23.6% fib).
Recommendation: Good to sell round 1.5950, with stop loss of 1.6100 and target price of 1.5880


NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: GBP/NZD gains some ground but bias is still bearish
Major Pair Action Bias: Bullish Pairs to Watch Out For
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
GBPJPY Slips After Sterling Weakness, Bears Eye 216 



