• EUR/NZD declined on Friday as European Central Bank's dovish tone at a monetary policy meeting on Thursday and strong U.S economic data weighed on euro.
• ECB’s dovish tone and U.S. data overshadowed above-forecast euro zone inflation and gains in euro zone rates.
• Technical signals show the pair could lose more ground in the short-term as RSI is bearish, daily momentum studies 5 and 9 DMAs are trending down.
• Immediate resistance is located at 1.6140 (23.6%fib), any close above will push the pair towards 1.6255(38.2%fib).
• Strong support is seen 1.6114 (Daily low) and break below could take the pair towards 1.6000(Psychological level)
Recommendation: Good to sell around 1.6120, with stop loss of 1.6200 and target price of 1.6050


FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro- Woodies pivot (Major)
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 



