• GBP/NZD dipped on Thursday as surging commodity prices and improved risk sentiment supported New Zealand dollar.
• Investors are turning their attention to next week’s UK CPI inflation figures. Anticipation is high for this crucial economic data.
• Technical signals are bearish as RSI is at 38, daily momentum studies 11,14 and 21 DMAs are trending down.
• Immediate resistance is located at 2.0854(38.2%fib), any close above will push the pair towards 2.1008. (50%fib).
• Strong support is seen at 2.0665 (23.6%fib) and break below could take the pair towards 2.0593(Lower BB).
Recommendation: Good to sell on rallies around 1.9240, with stop loss of 1.9330 and target price of 1.9170.


FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/JPY edges higher but bulls lack punch
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/CNY bears maintain upper hand
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 



