• NZD/JPY declined on Wednesday after RBNZ's stepped up policy easing with a half-point rate cut.
• The Reserve Bank of New Zealand wrapped up its latest policy meeting by cutting the official cash rate by 50 basis points to 4.75%, after a quarter-point reduction in August.
• At GMT 07:43, the pair was trading down 0.65% at 90.32, retreating from daily high.
• The technical outlook remains bearish and points to eventual bigger drop, fourteen-day momentum is negitive, reinforcing the scope for a bigger drop .
• Immediate resistance is located at 91.05(38.2%fib), any close above will push the pair towards 91.32 (Sep 30th high).
• Support is seen at 90.21 (50%fib) and break below could take the pair towards 89.82(Sep m24th low).
Recommendation: Good to sell around 90.40 with stop loss of 90.80 and target price of 89.80


FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Pair levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



