Commodities make a comeback and lift the sentiment around the antipodeans, Kiwi has been recovering since the sell-off after the RBNZ rate cut.
- Markets ignored the ongoing slowdown in China's domestic economy, underscored by the weekend’s poor run of macro data.
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-trades-just-shy-of-067-handle-tracks-gains-in-oil-prices-177030) has hit targets at 0.6774 and is currently trading at 0.6750.
- Immediate support and resistances are aligned at 0.6715 (10-DMA) and 0.6774 (Mar 11th highs).
- Highlight in this week's NZ calendar will be the Q4 GDP report (Wed, Q4 current account on Tue and March consumer confidence on Thu. There’s also a GDT dairy auction.
Recommendation: We advise booking partial profits. Scope for further gains seen. Raise stops to 0.6715, target 0.68


FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Major European Indices
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 



