FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro- Woodies pivot (Major) 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support 
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY upside capped as intervention risk limit upside 
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data 
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key 
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K 
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment 
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
Chart - Courtesy Trading View
NZD/USD was trading 0.43% higher on the day at 0.6281 at around 07:10 GMT. The pair has snapped a 7-day bearish streak, but upside potential seems limited.
A jump in Fed rate hike expectations of 75 bp after red hot inflation reading last week favor bears in the pair.
Elsewhere, Beijing covid cases hit a three-week high, dampening sentiment and weighing on the antipodeans.
Technical bias for the pair is bearish. Volatility is high and rising. Major moving averages are trending lower.
GMMA indicator shows major and minor tend are bearish and MACD confirms a bearish crossover on signal line.
Momentum is bearish. Stochs and RSI are sharply lower and RSI is well below the 50 mark.
Focus now will be on US Producer Price Index (PPI) for April, expected 10.9% YoY versus 11.0% prior.
Wednesday’s Federal Open Market Committee (FOMC) meeting and Retail Sales data from the US and China will also impact price action.
Support levels - 0.6264 (Lower BB), 0.6216 (May 2022 low)
Resistance levels - 0.6342 (5-DMA), 0.6440 (200H MA)
Summary: NZD/USD trades with a bearish bias. Upside potential is limited. Bearish invalidation only above 55-EMA. Scope for refresh of yearly low below 0.6216.
