• EUR/NZD dipped on Monday as strong commodity prices aided risk appetite.
• Iron ore prices surged as rising Australia-China tensions sparked supply concerns.
• EUR/NZD recovery from 1.6658 was rejected earlier in European session at 14DMA .
• Todays drop has put EUR/NZD back below Ichimoku cloud base and has put the 23.6%fib 1.6602 back in play
• Technical signals favours bearish sentiment, RSI is at 46and pair trades below 9,11 & 14-DMAs.
• Resistance is located at 1.6715(14DMA) and at 1.6747 (38.2%fib).
• Strong support is found at 1.6657 (Daily low) and at 1.6606 (23.6%fib).
Recommendation: Good to sell around 1.6680, with stop loss of 1.6780 and target price of 1.6610
.


FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD slips after Fed holds rates steady 



