• EUR/NZD declined on Wednesday as rise in commodity prices boosted the commodity-price sensitive New Zealand dollar .
• Selling pressure will remain in the short-term, only a move above 1.7013 (38.2%fib)strong resistance will shift the bias higher.
• Recent drop has put EUR/NZD back below 50%fib and has put the 61.8% fib back in play.
• Technically 5 day and 11-day momentum remains negative and RSI beginning to head down.
• Immediate resistance is located at 1.6946 (50%fib), any close above will push the pair towards 1.7013 (38.2%fib).
• Immediate support is seen at 1.6981 (Daily low) and break below could take the pair towards 1.6875 (61.8% fib).
Recommendation: Good to sell round 1.6950, with stop loss of 1.7020 and target price of 1.6880


EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major)
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe 



