• EUR/NZD strengthened on Tuesday as prospects of rate hike by European Central Bank boosted euro aganst weaker kiwi dollar.
.
• European Central Bank is likely to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July.
• The pair currently is approaching resistance at 23.6%fib. A break above would unmask 1.6100 level in the short term.
• From a technical viewpoint, RSI is strongly bullish at 63, daily momentum studies, 5, 10 and 11 daily MAs are pointing higher.
• Immediate resistance is located at 1.7281(23.6%fib), any close above will push the pair towards 1.7313 (Higher BB).
• Immediate support is seen at 1.7266 (Daily low) and break below could take the pair towards 1.7120(38.2%fib).
Recommendation: Good to buy on dips around 1.7260 with stop loss of 1.7170 and target price of 1.7350


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Woodies pivot (Major)
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Crypto levels and bias summary
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 



