• GBP/NZD declined sharply on Wednesday after unexpectedly soft UK CPI shifted UK rate expectations lower
• British annual consumer price inflation fell to 6.7% last month. Economists polled had forecast CPI would rise to 7.0% from July's 6.8%
• A close below support at 2.0721will give further momentum to bears, opening the way for a run towards 2.0650 level.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 32 bearish, daily momentum studies 5, 10 and 21 DMAs are trending down.
• Immediate resistance is located at 2.0845 (38.2 % fib),any close above will push the pair towards 2.0921 (5DMA).
• Immediate support is seen at 2.0721 (Daily low) and break below could take the pair towards 2.0654(23.6 % fib)
Recommendation: Good to sell below 2.0760, with stop loss of 2.0850 and target price of 2.0650


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/CNY bears maintain upper hand
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Major Pair levels and bias summary 



