GDT price index came in at -2.8% vs -7.4% prior, down for the 4th consecutive time, furthering downside in NZD/USD.
- RBNZ's quarterly inflation expectations survey showed the outlook for inflation on a 2-year horizon slowed sharply to 1.63% from 1.85%, the lowest level since 1994.
- On the technical side, the pair has broken strong trendline support at 0.6585 in Tuesday's trade.
- Momentum indicators are biased lower, Stochs has crossover from overbought levels and RSI points south.
- Histogram on the MACD has slipped below zero and the MACD line is on the verge of a bearish crossover below signal line.
- 0.6548 (50% fib of 0.6347 to 0.6750 rise) is initial support on the downside ahead of 0.6506 (Feb 3rd lows).
- Immediate resistance is seen at 0.66 (38.2% fib of 0.6347 to 0.6750 rise) and then at 0.6659 (Feb 8th highs).
Recommendation: Good to sell rallies around 0.6580, SL: 0.6660, TP: 0.65/0.6450


FxWirePro: USD/ZAR edges lower ,investors remain on edge
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro:NZD/USD continues to recovers , upside pressure builds
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/JPY steadies around 158.75, bias bullish
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: GBP/USD bulls remain cautiously optimistic
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Major Crypto levels and bias summary 



