• GBP/ NZD strengthened on Wednesday but gains were limited as traders braced Federal Reserve meeting.
• On the data front ,UK inflation slowed in February, consumer prices rose by 3.4% in annual terms after a 4.0% increase in January, the weakest rate of inflation since Sep 2021.
• Core inflation, which excludes energy, food and tobacco prices, also slowed, dropping to 4.5% from 5.1% in January. The Reuters poll had pointed to a reading of 4.6%.
• Technical signals are slightly bullish as RSI is at 69 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 2.1086 ( 23.6% fib), any close above will push the pair towards 2.1162 (Higher BB).
• Immediate support is seen at 2.1000(Daily low) and break below could take the pair towards 2.0893 (38.2% fib).
Recommendation: Good to buy around 2.1030 , with stop loss of 2.0800 and target price of 2.1150


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



