FxWirePro- Major European Indices 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
NZDUSD has formed shooting star candlestick pattern at peaks of 16-months highs which is bearish in nature (at 0.7318 levels, see weekly chart).
As a result of the formation of this bearish pattern, the current prices have slid below 21-DMAs on daily charts and there is an attempt of slipping down below 7-EMA on weekly plotting.
Ever since the pair has been hitting the levels of 0.7384 levels, Kiwi dollar seemed like exhausted at this juncture from the last couple of weeks but for now “Shooting Star” pattern occurred to signify weakness.
On daily terms, the current prices keeping 21DMA as stiff resistance, one can think of shorting this pair.
RSI and Stochastic oscillators on both daily and weekly graphs are suggestive of further declines as they evidence downward convergence to the price dips on daily, divergence on weekly shows previous consolidation pattern seems exhausted at this level.
While %D crossover at 80s which is overbought zone on weekly plotting have been convincing that the selling momentum is still strong.
Hence, considering above technical reasoning, one can eye on option tunnel which is the debit spread of binary version.
In-The-Money tunnel would be formed of shorts of in-the-money binary put with shorter expiries below the current exchange rate less an Out-Of-The-Money longs binary delta put below the exchange rate.
We wouldn't be surprised if the spot FX drifts upto 30-40 pips below current levels of 0.7259 levels in no time or 20-25 pips on northwards in intraday terms.
