• GBP/NZD declined sharply on Wednesday as kiwi dollar was lifted by hawkish tilt by Reserve Bank of New Zealand.
• The Reserve Bank of New Zealand (RBNZ) raised rates 25 basis points to 1.0% and signaled more aggressive tightening.
• Markets now see rates reaching 2.5% by year end, up from 2.25% previously
• Selling pressure will remain in the short-term, only a move above 2.0054 (38.2%fib strong resistance will shift the bias higher.
• Technical signals show the pair could lose more ground as RSI is at 35 bearish, and 5, 9,11 DMA’s are trending south.
• Immediate resistance is located at 2.0054 (38.2%fib), any close above will push the pair towards 2.0177 (50%fib).
• Immediate support is seen at 1.9962(Daily low) and break below could take the pair towards 1.9896 (23.6%fib).
Recommendation: Good to sell round 1.9980, with stop loss of 2.0150 and target price of 1.9850


JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



