• GBP/NZD initially dipped on Tuesday but recovered some ground as caution prevailed after the BoE said it was on alert following recent turmoil in the banking sector.
• BoE officials said that central bank was on alert amid global turmoil in the banking sector but added that UK was not experiencing stress linked to the demise of Silicon Valley Bank.
• In an up-and-down session, the pair hit low at 1.9732 in early trading then recovered towards 1.9768.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 62 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9834 (38.2%fib), any close above will push the pair towards 1.8970 (Higher BB).
• Strong support is seen at 1.9727 (5DMA) and break below could take the pair towards 1.9646 (38.2%fib )
Recommendation: Good to buy around 1.9730 with stop loss of 1.9600 and target price of 1.9830


FxWirePro- Major Pair levels and bias summary
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major European Indices
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holding bid into weekend 



