Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: USD/CNY gains some upside momentum but bias still bearish 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
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GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: AUD/USD bulls struggles as upside momentum fades 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
• GBP/NZD dipped on Tuesday as caution set in ahead of Fed policy meeting on Wednesday where the Federal Reserve is expected to cut interest rates.
• Traders are still betting on a 63% probability that the Fed will cut rates by 50 basis points on Wednesday and a 37% probability of a 25 basis point cut, according to CME Group's FedWatch tool.
• GBP/NZD drifted back into negative territory. 2.1264 is low so far is and it is hovering just above 50%fib support.
• Technical signals favours bearish sentiment, RSI is at 49 and pair trades below 5,9 & 11-DMAs.
• Resistance is located at 2.1386 ( 38.2%fib) and at 2.1435 (Higher BB).
• Support is found at 2.1213 (50%fib) and at 2.1021 (61.8%fib).
Recommendation: Good to sell around 2.1280, with stop loss of 2.1350 and target price of 2.1200
