• GBP/NZD dipped on Monday as higher commodity prices boosted commodity linked kiwi dollar.
• Oil prices rose after Saudi Arabia announced it would cut its output to 9 million barrels per day in July, from around 10 million bpd in May.
• The pair picked up downside momentum and is approaching 38.2% fib. A close below will open up 2.0300 level.
• Immediate resistance is located at 2.0554 (5DMA), any close above will push the pair towards 2.0722 (23.6% fib)
• Support is seen at 2.0485 (38.2% fib) and break below could take the pair towards 2.0286 (50% fib).
Recommendation: Good to sell around 2.0500, with stop loss of 2.0600 and target price of 2.0430.


FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD gains some ground but outlook is bearish
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/AUD bears maintain upper hand
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 



