• EUR/NZD strengthened on Friday as increased risk aversion and lower commodity prices weighed on kiwi dollar.
• Oil prices fell about 6% to a four-week low amid fears that rate hikes by major central banks could slow the global economy and reduce energy demand.
• The pair picked up some momentum and is approaching 1.6627 (5DMA). A close above will open up 1.6369 ( 61.8%fib).
•Technical signals are bullish as RSI is higher at 55, daily momentum studies 11, 14 and 21 DMAs are trending up.
• Immediate resistance is located at 1.6627( 5DMA), any close above will push the pair towards 1.6804(23.6%fib).
• Strong support is seen at 1.6555(38.2%fib) and break below could take the pair towards 1.6464 ( June 10th low).
Recommendation: Good to buy around 1.6600, with stop loss of 1.6450 and target price of 1.6680


FxWirePro- Woodies Pivot(Major)
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major European Indices
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Woodies Pivot(Major) 



