FxWirePro- Major Pair levels and bias summary 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
China's Refining Industry Faces Major Shakeup Amid Challenges 
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention. 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
NZD/CAD chart on Trading View used for analysis
- NZD/CAD has broken stiff resistance at 200-DMA raising scope for further upside.
- Technical studies are supportive of further gains. Momentum with the bulls.
- MACD also supports upside in the pair. We see +ve DMI dominance and ADX is also rising in support of upside.
- Sharp downside in US oil prices keeps pressure on the Canadian dollar, further aiding gains in the pair.
- Next bull target lies at 61.8% Fib at 0.9061. Break above 200W SMA at 0.9079.
- On the flipside, immediate support lies at 200-DMA at 0.8934. Retrace below could see weakness.
Support levels - 0.8934 (200-DMA), 0.8917 (5-DMA), 0.8857 (Nov 12 low)
Resistance levels - 0.8998 (110W EMA), 0.9061 (61.8% Fib), 0.9079 (200W SMA)
Recommendation: Good to stay long on dips, SL: 0.89, TP: 0.90/ 0.9061/ 0.9075
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
