- AUD/NZD capped below major resistance at 100-DMA at 1.0985. We see upside only on break above.
- RSI holds flat on weekly charts with a neutral bias, but bearish divergence from price action keeps scope for downside.
- Momentum studies are bearish, RSI converges nicely with price action on daily charts.
- We see a bearish MACD line crossover on signal line on the weeklies which adds to bearish bias.
- Price action hovers around 23.6% Fib of 1.37765 to 1.00018 fall at 1.0892. Break below to see further weakness.
- Next major support lies at 1.0789 (50W SMA) ahead of 1.0719 (100W SMA).
Recommendation: Watch out for break below 23.6% Fib for further weakness.
FxWirePro Currency Strength Index: FxWirePro's Hourly AUD Spot Index was at 66.099 (Neutral), while Hourly NZD Spot Index was at -1.07754 (Neutral) at 1030 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro : EUR/NZD gains upside momentum but still bearish
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro- Major Pair levels and bias summary
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro: USD/ZAR gains some ground, but downtrend remains
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: USD/ZAR extends decline, scope for further downside 



