• EUR/NZD retreated sharply from daily high on Friday as investors took profits from recent gains after US NFP data.
• Profit taking is common during major events.EUR/NZD fell from 1.6992 to hit daily low at1.6880.
• Dip buying is highly likely in this pair, 1.6870-1.6840 is likely to be the main area for buyers and a springboard for the next upleg.
• Immediate resistance is located at 1.6911 (38.2%fib), any close above will push the pair towards 1.6992 (Daily high).
• Strong support is seen 1.6872 (14DMA) and break below could take the pair towards 1.6832 (50% fib).
Recommendation: Good to buy around 1.6860, with stop loss of 1.6820 and target price of 1.6910


Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Major Crypto levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices 



