• EUR/NZD strengthened sharply on Wednesday as kiwi dollar tumbled as New Zealand's central bank slashed its benchmark rate for the first time in over 4 years.
• The Reserve Bank of New Zealand (RBNZ) wrapped up its latest policy meeting by cutting the official cash rate (OCR) by 25 basis points to 5.25%.
• A rally towards is 1.8450 possible if EUR/NZD bulls overcome resistance at 23.6%fib.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 58 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8380 (23.6%fib), any close above will push the pair towards 1.8459(Jul 29th high).
• Strong support is seen at 1.8207(38.2% fib) and break below could take the pair towards 1.8070(50% fib).
Recommendation: Good to buy around 1.8370 with stop loss of 1.8300 and target price of 1.8450


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Pair levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/CAD bulls continue to hold the higher ground 



