• NZD/USD eased on Thursday as fears of a prolonged Iran conflict kept investors cautious.
• Geopolitical risks remain elevated as the Iran conflict expands, while the United States is trying to reduce concerns about global oil and gas supply disruptions.
•Energy market pressures are rising as storage capacity limits are forcing some production cutbacks, supporting higher energy prices.
•New Zealand heavy reliance on imported energy makes its economy vulnerable to global oil price shocks
• On monetary policy, the RBNZ left its cash rate unchanged last month, highlighting the importance of keeping policy accommodative.
• Immediate resistance is located at 0.5979(38.2%fib), any close above will push the pair towards 0.5990(SMA 20).
•Support is seen at 0.5889(50%fib) and break below could take the pair towards 0.5872(Lower BB).
Recommendation: Good to sell around 0.5930 with stop loss of 0.5980 and target price of 0.5860


FxWirePro: GBP/AUD downtrend extends, eyes 1.8800 level
FxWirePro: USD/JPY steadies around 157.00, retains bid tone
FxWirePro: USD/JPY runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
Ethereum Rides the Crypto Wave: ETH Breaks USD 2,050 with Sights Set on USD 2,500
Dollar Dominance: USDCHF Defies Temporary Top to Defend Bullish Multi-EMA Support
FxWirePro: AUD/USD softens despite reasonably solid Australia GDP data
FxWirePro- Major European Indices
FxWirePro: USD/CNY remains weak, Eyes 6.850 level
Aussie Resilience: AUDJPY Defies 250-Pip Sell-Off to Defend the 110.50 Stronghold
FxWirePro: GBP/NZD recovers some ground but bearish outlook persist
FxWirePro:NZD/USD recovers some ground but bulls lack punch
FxWirePro: GBP/USD downtrend loses steam, remains on bearish path
Pound Under Pressure: GBPJPY Consolidates Near Critical EMAs as Bearish Momentum Builds
FxWirePro: EUR/AUD drifts lower, could be on verge of bigger drop
Kiwi Under Pressure: NZDJPY Bulls Falter as Momentum Shifts Toward a 90.00 Target 



