Intraday bias remains bearish as long as resistance 0.8550 holds. It hits a high of 0.85420 yesterday and is currently trading around 0.85193.
US dollar gained momentum after positive US ISM services PMI data. Markets eye US NFP data for further direction. Any upbeat US NFP (above 180K) will push the pair above 0.8550.
Technicals-
The pair is trading above 34 and and above 55 EMA in the 1-hour chart.
The near-term resistance is around 0.8550 any break above targets 0.8590/0.8660. The bearish pattern from 0.92244 will get completed at 0.8375 if pair close above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.8470, any violation below will drag the pair to 0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish.
It is good to buy above 0.8550 with SL around 0.8500 for a TP of 0.8660.


FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Kiwi Under Pressure: NZDJPY Pulls Back as Bearish Momentum Builds
FxWirePro: USD/CAD gains some ground but bias is bearish
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
Bitcoin Holds Steady Near USD 80k as the CLARITY Act Heads for a Decisive Senate Vote
FxWirePro: GBP/USD dips as UK political tensions drag pound lower
FxWirePro: GBP/NZD edges higher but bias is bearish
FxWirePro: GBP/AUD slips lower amid heightened UK political uncertainty
FxWirePro: GBP/USD slide extends as UK political tumult intensifies
FxWirePro: EUR/ NZD gains some upside momentum but still bearish
FxWirePro:USD/CAD bulls continue to hold the higher ground
FxWirePro: AUD/USD eases slightly as focus shifts to US-China meeting
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains some upside as rand weakens after sour local jobs data
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: AUD/USD softens slightly as market focus on U.S.-China meeting 



