• EUR/NZD declined on Thursday as higher commodities prices boosted commodity linked kiwi dollar.
• U.S. crude prices were up 0.9% after the International Energy Agency raised its oil demand growth forecast for this year.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 33 bearish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6133 (38.2%fib), any close above will push the pair towards 1.6192(14DMA).
• Strong support is seen at 1.6000(Lower BB) and break below could take the pair towards 1.5937 (23.6% fib )
Recommendation: Good to buy around 1.6050 with stop loss of 1.6150 and target price of 1.5950


FxWirePro- Major European Indices
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Major Pair levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD dips on soft China data
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 



