• GBP/NZD declined on Wednesday as New Zealand dollar was boosted by strong commodities prices and buoyant risk sentiment.
•The pair reaches 2.0230 after extending south from 2.0398 (early Asia high). 2.0230 is the lowest level since Jan 27th.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 55 bearish, daily momentum studies 5, 10 and 21 DMAs are trending down.
• Immediate resistance is located at 2.0333 (38.2%fib),any close above will push the pair towards 2.0375 (9DMA ).
• Immediate support is seen at 2.0202 (50% fib) and break below could take the pair towards 2.0076 (61.8%fib ).
Recommendation: Good to sell below 2.0260, with stop loss of 2.0330 and target price of 2.0170


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



