NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro- Major Pair levels and bias summary 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro- Woodies Pivot(Major) 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
NZD/USD chart - Trading View
Spot Analysis:
NZD/USD was trading 0.33% higher on the day at 0.7173 at around 08:40 GMT.
Previous Week's High/ Low: 0.7077/ 0.6911
Previous Session's High/ Low: 0.7172/ 0.7076
Fundamental Overview:
A stronger yuan and risk-on mood underpin antipodeans. An unexpected fall in US September Building permits keeping the USD under pressure.
The People’s Bank of China (PBOC) maintained the one-year loan prime rate (LPR) at 3.85% for the 18th month in a row at its October fixing.
International Monetary Fund’s China mission Chief and Assistant Director in the Asia and Pacific Department, Hedge Berger said that Evergrande risk to China is contained for now. Sentiment buoyed after comments.
Technical Analysis:
- NZD/USD has broken major resistance at 50% Fib, 200-DMA and channel top
- Momentum is strongly bullish, Stochs and RSI are biased higher
- Volatility is high and rising as evidenced by widening Bollinger bands
- MACD and ADX support further upside in the pair
Major Support and Resistance Levels:
Support - 0.7134 (50% Fib), Resistance - 0.7195 (200-month MA)
Summary: NZD/USD trades with a major bullish bias. Price action has broken above 50% Fib at 0.7134. Next major resistance lies at 200-month MA at 0.7195. Decisive break above will open upside.
