• EUR/NZD strengthened on Thursday as traders remained long as investors were optimistic about economic rebound despite coronavirus restrictions in the euro zone.
• EUR/NZD fell to daily low at 1.6908 early, before buyers returned, the pair recovered back towards 1.6958 and was at the session high in US session.
• Any downside correction is likely to be temporary as barrier at 1.6895(38.2%fib) is set to restricting lower move.
• Technical signals show the pair could gain more ground as RSI is at 65 bullish, and 5, 9,11 DMA’s are trending north.
•Strong resistance is located at 1.6983 (23.6% fib), any close above will push the pair towards 1.7075 (Jan 18th high).
• Immediate support is seen at 1.6895(38.2%fib) and break below could take the pair towards 1.6824 (50% fib).
Recommendation: Good to buy around 1.6940 with stop loss of 1.6890 and target price of 1.7040


FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/CAD slips after Fed holds rates steady 



