All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Urban studies: Doing research when every city is different 
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers 
NZD/CAD chart on Trading View used for analysis
- NZD/CAD trades 0.45% lower at the time of writing, at 0.8999 levels.
- The pair is extending weakness with 'Gravestone Doji' formation at highs on Wednesday's trade.
- Kiwi sell-off across the board is knocking the pair lower.
- We also find that the momentum indicators on daily charts are at overbought levels.
- Some unwinding likely. Pair eyes 200-DMA at 0.8930. Breach there could see dip till 20-DMA at 0.8844.
- Major trend remains bullish. Failure to break below 200-DMA will see resumption of upside.
Support levels - 0.8930 (200-DMA), 0.8844 (20-DMA), 0.8816 (23.6% Fib)
Resistance levels - 0.9024 (5-DMA), 0.91 (Nov 21 high)
Recommendation: Good to go short on upticks, SL: 1.9030, TP: 0.8930/ 0.89/ 0.8844
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
