- NZD/USD reversed sharply from session lows at 0.7112 as Kiwi remained supported from RBNZ Governor Wheeler’s overnight comments.
- Risks skewed to the downside amid bearish NZ fundamentals and Fed/RBNZ monetary policy divergence.
- Upside in the pair capped below 200-DMA at 0.7146. Bearish invalidation only on close above.
- Technical studies are biased lower, we see scope for test of 0.7058 (61.8% Fib retrace of 0.6862 to 0.7375 rally).
Support levels - 0.7119 (50% Fib), 0.7087 (cloud base), 0.7058 (61.8% Fib)
Resistance levels - 0.7146 (200-DMA), 0.7171 (5-DMA), 0.7208 (20-DMA)
TIME TREND INDEX OB/OS INDEX
1H Neutral Neutral
4H Neutral Neutral
1D Bearish Neutral
1W Bearish Neutral
Recommendation: Good to go short on rallies around 0.7145/50, SL: 0.7210, TP: 0.7120/ 0.7090/ 0.7060
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -18.6121(Neutral), while Hourly USD Spot Index was at 101.723 (Highly bullish) at 0510 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CAD uptrend loses steam, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro : AUD/USD drifts lower, could be on verge of bigger drop
AUDJPY Bears Take a Breather at 111.50, But ‘Sell on Rallies’ Still Eyes 110
FxWirePro : GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR retreats slightly but trend is still bullish
FxWirePro- Woodies pivot (Major)
NZDJPY's Downward Spiral: Will 92 Resistance Seal the Bearish Fate?
FxWirePro: USD/CAD loses momentum but bullish setup remains
FxWirePro: USD/ZAR slips as dollar weakens after PCE inflation data
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
FxWirePro:GBP/USD recovers slightly from early decline but bears are not done yet
AUDJPY Under Pressure: US Dollar Strength and Bearish Technicals Signal Further Declines
ETH Bounces as Shorts Cover, Yet ETF Bleed Warns $1,850 Resistance Won’t Break
FxWirePro: GBP/AUD edges higher but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
Bitcoin Sheds $491M in ETF Outflows and Retreats Below $64K; Sellers Reload for $50K 



