• GBP/NZD rebounded strongly from initial decline on Wednesday as traders digested RBNZ and UK CPI surprise.
•British consumer prices rose by 2.3% in annual terms in April, slowing from a 3.2% increase in March
• The Reserve Bank of New Zealand left its benchmark cash rate at 5.5% as expected, but lifted its forecasts for peak interest rates at its latest monetary policy meeting.
• GBP/NZD fell deeper into negative territory earlier in the day but rebounded after finding a foothold at 61.8% fibo support
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 51.
.
• Immediate resistance is located at 2.0915 (38.2%fib), any close above will push the pair towards 2.1000 (Psychological level).
• Strong support is seen at 2.0795(50%fib) and break below could take the pair towards 2.0737 (May 10th low)
Recommendation: Good to buy around 2.0870 with stop loss of 2.0750 and target price of 2.0960


FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro- Woodies pivot (Major)
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats slightly but trend is still bullish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



