UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY sustains gains as uptrend remains strong 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity 
2025 Market Outlook: Key January Events to Watch 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
FxWirePro- Major Pair levels and bias summary 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Sell the Rally: Gold Eyeing $4,000 as Dollar Strength Takes Control 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Add as a preferred source on Google
GBP/NZD chart on Trading View used for analysis
- GBP/NZD has broken support at 1H 200 SMA at 1.8818, bias bearish.
- The pair is trading 0.65% lower on the day at 1.8788 at the time of writing.
- Price action has slipped below 5-DMA and is on track to test major trendline support at 1.8715.
- The pair has broken below major support at 110W EMA and finds next major support at 1.8588 (weekly cloud base and 50% Fib). Break below weekly cloud eyes 61.8% Fib at 1.8143.
- On the flipside, stiff resistance is seen at 1.91 (nearly converged 21-EMA and 20-DMA). Break above 200-DMA negates bearish bias.
Support levels - 1.8715 (trendline), 1.8588 (weekly cloud base and 50% Fib)
Resistance levels - 1.8818 (1H 200 SMA), 1.8837 (5-DMA), 1.89
Recommendation: Good to go short on upticks, SL: 1.89, TP: 1.8715/ 1.8660/ 1.86
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
