• GBP/NZD declined on Wednesday as kiwi dollar rose after RBNZ announced to halt its pandemic-induced quantitative easing programme.
• The Reserve Bank of New Zealand (RBNZ) kept its official cash rate at 0.25% but cut short a NZ$100 billion ($70 billion) bond buying programme.
• At GMT 16:01, the pair was trading 0.72% lower at 1.9717, after hitting daily low at 1.9682.
• Technical signals are bearish as RSI is at 49, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9790(50%fib), any close above will push the pair towards 1.9772(23.6%fib).
• Immediate support is seen at 1.9697(38.2%fib) and break below could take the pair towards 1.9607(23.6%fib).
Recommendation: Good to sell round 1.9710, with stop loss of 1.9790 and target price of 1.9620


JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: NZD/USD edges lower, remains on back foot
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



