FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
Chart - Courtesy Trading View
Spot Analysis:
NZD/USD was trading 0.05% lower on the day at 0.6470 at around 09:25 GMT
Previous Week's High/ Low: 0.6417/ 0.6228
Previous Session's High/ Low: 0.6514/ 0.6417
Fundamental Overview:
RBNZ’s warning signal for a potential recession has dampened the antipodean.
NZD/USD pauses shy of 38.2% Fib as risk-off impulse rebounds ahead of US PCE.
Focus now on US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) numbers for impetus.
Analysts expect US GDP to stay unchanged at -1.4% on annual basis. US PCE is also expected to remain stable at 7%.
Technical Analysis:
- Spinning top and Doji formations on the daily candle dent upside in the pair
- Price action is extending gains for the second straight week
- The pair is grinding sideways at 21-EMA support
- GMMA indicator shows minor trend has turned bullish
Major Support and Resistance Levels:
Support - 0.6443 (21-EMA), Resistance - 0.6576 (55-EMA)
Summary: NZD/USD consolidates above 21-EMA support, weakness only on break below. Momentum is bullish, scope for test of 38.2% Fib at 0.6528.
