FxWirePro: GBP/USD recovers but bears are not done yet again 
FxWirePro: EUR/AUD eases slightly but trend is still bullish 
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone 
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies 
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance 
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
FxWirePro- Major European Indices 
FxWirePro: AUD/USD downside pressure builds, key support level in focus 
FxWirePro: USD/CNY gains some ground but bearish outlook persists 
FxWirePro: GBP/USD outlook weaker on renewed downside pressure 
FxWirePro: GBP/NZD range to extend until there is game changing news 
FxWirePro: GBP/NZD remains buoyant, looks to extend gains 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
- RBNZ in its economic assessment report released today, called for further easing to address the problem of low inflation.
- NZD/USD hits 1-1/2 month lows at 0.6951 after RBNZ bolstered August rate cut bets, has recovered slightly to currently trade at 0.6971 levels.
- Downside in the pair also supported from the recent strong US data which has resulted in the rise in Fed rate hike expectations in 2016.
- Technically the pair has broken below 50-DMA at 0.70 and we see scope for test of 100-DMA at 0.6915.
- A violation there could take the pair to 0.6835 and then 0.68 levels.
- Momentum studies are bearish, however, stochs are at oversold territory so some caution is advised.
- Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-holds-major-support-at-07010-further-downside-only-on-break-below-238154) has hit TP1.
Recommend holding for targets.
