- AUD/NZD upside rejected at session highs at 1.0791, extends break below 200-DMA.
- Kiwi shrugged-off a big beat on the NZ employment data, focus remains on the RBNZ interest rate decision due later today.
- Technical studies are bearish. The pair is on track to 61.8% Fib at 1.0781.
- RSI and Stochs are biased lower. MACD has shown a bearish crossover on signal line.
- We see scope for further weakness. Next bear target below 61.8% Fib lies at 1.06 (major trendline).
Support levels - 1.0721 (61.8% Fib retrace of 1.0370 to 1.1290 rally), 1.07, 1.06 (trendline)
Resistance levels - 1.0816 (5-DMA), 1.0845 (200-DMA), 1.0881 (Feb 5 high)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-AUD-NZD-finds-strong-support-at-10950-20-DMA-good-to-go-short-on-break-below-1124222) has hit TP2.
Recommendation: Bias lower, hold for further downside. Watch for break below 61.8% Fib for test of 1.06 levels.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize 



