• EUR/NZD declined on Wednesday as major shifts in trade flows and bond yields favoured the resource-heavy currencies like kiwi dollar
• Investors awaited New Zealand inflation print, another aggressive half-point hike could come RBNZ in May should inflation figures on Thursday prove as shocking as some expect.
• EUR/NZD dived below the 5 DMA and trades down to a 1.5921 low.
• Technical lean bearish, as RSI is turning lower at 48, momentum studies, 9, 11 DMAs falling southwards.
• Immediate resistance is located at 1.5978( 5 DMA), any close above will push the pair towards 1.6119 (38.2% fib)
• Support is seen at 1.5864(23.6%fib) and break below could take the pair towards 1.5696 (Lower BB).
Recommendation: Good to sell around 1.5950, with stop loss of 1.6100 and target price of 1.5880.


Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
Major Pair Action Bias: Bullish Pairs to Watch Out For
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 



