FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
NZD/USD chart on Trading View used for analysis
- NZD/USD is extending upbeat U.S. jobs data led weakness, trades 0.25% lower on the day.
- Data on Friday showed the US economy added 201K jobs in August, surged from July’s 147K (revised downwards from 157K), beating expectations of 191K.
- Rising Treasury yields and Trump's threat to up the ante in the trade war with China also weigh. USD200-467bn of 25% tariffs on China could come slamming down at any moment.
- China CPI rose 2.3 percent y/y in August, beating estimates for a rise of 2.1 percent and compared to a 2.1 percent rise in July.
- Meanwhile, PPI, fell to 4.1 percent in August from the July print of 4.6 percent but still bettered estimates of 4.1 percent. The drop in the PPI could add to the bearish tone around the commodity currencies.
- The major trades with a strong bearish bias, eyes channel base support at 0.6470. Breach there could see further weakness.
Support levels - 0.6447 (Feb 2016 low), 0.64, 0.6347 (2016 low)
Resistance levels - 0.6556 (5-DMA), 0.66, 0.6627 (21-EMA)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-NZD-USD-Trade-Idea-1423280) is approaching final targets.
Recommendation: Hold for targets
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -32.9275 (Neutral), while Hourly USD Spot Index was at 27.0931 (Neutral) at 0430 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
