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NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92

FxWirePro: USD/ZAR edges higher but bearish outlook persists

AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106

BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

FxWirePro: USD/JPY retreats as Japan signals possible FX intervention

FxWirePro: GBP/AUD moves lower on weak UK data

FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption

FxWirePro: GBP/NZD retreats slightly but trend is still bullish

FxWirePro: USD/CNY downside pressure builds, key support level In focus

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865

FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike

FxWirePro:EUR/AUD eases but bullish outlook persists

FxWirePro- Major European Indices

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FxWirePro :GBP/NZD runs out of steam but maintains bullish outlook

Wednesday, March 6, 2024 6:44 PM UTC

• GBP/NZD dipped towards 2.0780 level on Wednesday as traders digested Britain's latest fiscal plans.

• Finance Minister Jeremy Hunt offered no surprises in his latest statement, announcing a two percentage point cut to National Insurance Contributions (NICs), while freezing fuel and alcohol duty, as rumoured before the announcement.

•The pair reaches 2.0781 after extending south from 2.0922 ( Daily high). 2.0781 is the lowest level since March 4th 2024.

• Technical signals are bullish as RSI is higher at 56, daily momentum studies 9, 11 and 14 EMAs are trending up.

• Immediate resistance is located at 2.0922(23.6 % fib),any close above will push the pair towards 2.1000(Psychological level ).

• Immediate support is seen at 2.0746 (38.2% fib) and break below could take the pair towards 2.0725 (9EMA )

Recommendation: Good to buy around 2.0750 , with stop loss of 2.0670 and target price of 2.0850

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FxWirePro :GBP/NZD runs out of steam but maintains bullish outlook

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