• The NZD/USD edged higher on Friday as higher commodities price and an improving economic outlook in China provided some support to kiwi dollar.
• President Xi Jinping New Year's address on Tuesday that China would implement more proactive policies to promote growth in 2025.
• China's December survey showed weak manufacturing growth, but services and construction fared better, indicating that policy stimulus is supporting these sectors.
• The New Zealand dollar often used as a proxy for China's currency was up 0.16% to $0.5606, but was headed for a weekly loss of 0.66%.
• Immediate resistance is located at 0.5646(38.2%fib), any close above will push the pair towards 0.5850(50%fib).
• Support is seen at 0.5588 (23.6%fib) and break below could take the pair towards 0.5521(Lower BB).
Recommendation: Good to sell around 0.5630, with stop loss of 0.5700 and target price of 0.5550


FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CAD bulls continue to hold the higher ground
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/CNY bears maintain upper hand 



