Technical Analysis:
- NZD/USD capped below 200-DMA at 0.7082.
- Intraday bias is neutral.
- Break above 200-DMA could see further upside.
- On the flip side break below 20-DMA could see drag till 0.6862.
Fundamentals Factors:
- The dollar which has been on the back-foot, collapsed overnight on the back of Trump's lack of conviction during the news conference.
- Markets which were looking for something concrete in respect to Trump's policies, were left largely disappointed.
- Weak data weighed over NZD. ANZ commodity prices in December rose 0.7% m/m, significantly lower than the prior 2.7%.
- However, the details revealed the dairy prices rose for the seventh time in a row, up 3.9% m/m, which capped downside.
Support levels - 0.7014 (5-DMA), 0.70(23.6% Fib of 0.74854 to 0.68621 fall), 0.6948 (20-DMA)
Resistance levels - 0.7082 (200-DMA), 0.71, 0.7116 (trendline)
Recommendation: We prefer to wait for confirmation on Technicals to initiate trade.


FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: USD/CAD recovers slightly but trend is still bearish
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro- Major Pair levels and bias summary
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 



