- Kiwi cheers stronger-than-expected inflation data, NZ CPI rose 2.2% y/y in Q1, beating forecasts at 2%.
- Risk-on back into markets as oil prices recovered from heavy sell-off seen in the US last session, also supporting the NZD.
- AUD/NZD breaks major trendline support at 1.6890, price action is holding cloud base support at 1.0643.
- Break below cloud base finds next major support by 100-DMA at 1.0628.
- Violation at 100-DMA could see weakness upto 200-DMA at 1.0579.
- Technicals on weekly charts are also heavily bearish, Stochs and RSI are biased lower and MACD is on verge of a bearish crossover.
Call update: Our short call (http://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10740-good-to-go-short-on-break-below-646403) has hit TP1&2.
Recommendation: Bias lower. Hold for downside. Target 1.0630/ 1.0615/ 1.0580
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at -86.9037 (Bearish), while Hourly NZD Spot Index was at 8.37586 (Neutral) at 0540 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
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
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



