• EUR/NZD dipped on Wednesday as euro weakened ahead of a crucial European Central Bank policy decision on Thursday.
• The ECB is set to deliver its first rate hike in more than a decade on Thursday against a difficult economic backdrop exacerbated by the war in Ukraine.
• At GMT 19:12, the pair was trading down 0.46 percent at 1.6346.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 38 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.6405 (5DMA), any close above will push the pair towards 1.6453 (50%fib).
• Strong support is seen at 1.6286 (38.2%fib) and break below could take the pair towards 1.6206 (Lower BB )
Recommendation: Good to sell around 1.6360, with stop loss of 1.6490 and target price of 1.6290


FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major European Indices
FxWirePro-Major European Indices
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 



