• GBP/NZD recovered some ground on Wednesday as risk-sensitive pound was supported by global equity gains.
•The pair is holding near today's high, but repeated failures to push above 2.0232 resistance is discouraging longs.
• The underlying trend for the pair remains bearish. A potential break below 23.6%fib support could intensify downward momentum.
• Technical signals are strongly bearish as RSI is lower at 35, moving averages are trending down.
• Immediate resistance is located at 2.0232(38.2% fib), any close above will push the pair towards 2.0342( 50% fib).
• Immediate support is seen at 2.0094(23.6%fib) and break below could take the pair towards 2.0000( Psychological level).
Recommendation: Good to sell around 2.0200, with stop loss of 2.0280 and target price of 2.0120


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



