• GBP/NZD dipped on Wednesday after a survey showed a slump in UK business activity in August.
• The S&P Global/CIPS Purchasing Managers' Index (PMI) tumbled to 47.9 in August from 50.8 in July, according to a preliminary estimate, the lowest level since January 2021.
•The manufacturing PMI dropped from 45.3 to 42.5, its lowest since May 2020, while the services sector index fell from 51.5 to 48.7, matching January's two-year low.
• Technicals are favouring bearish sentiment as RSI has turned lower and the pair is trading below 5 & 9-DMAs.
• Immediate resistance is located at 2.1386 (5DMA), any close above will push the pair towards 2.1486 (23.6%fib)
• Support is seen at 2.1230 (38.2% fib) and break below could take the pair towards 2.1178 (Aug 15th low).
Recommendation: Good to sell around 2.1300 with stop loss of 2.1450 and target price of 2.1150.


FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



