• EUR/NZD declined on Wednesday as upbeat New Zealand jobs data boosted kiwi dollar across the board.
• New Zealand’s unemployment rate unexpectedly dipped to 4.7% in the March quarter, economists had predicted it would stay at 4.9%.
• Selling pressure will remain in the short-term, only a move above 1.6848(50%fib) strong resistance will shift the bias higher.
• Recent drop has put EUR/NZD back below 38.2%fib and has put the 23.6%fib 1.6571 (23.6% fib)at back in play.
• Technical signals show the pair could lose more ground as RSI is at 43 bearish, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 1.6723 (38.2%fib), any close above will push the pair towards 1.6848(50%fib).
• Immediate support is seen at 1.6608 (Lower BB) and break below could take the pair towards 1.6571 (23.6% fib).
Recommendation: Good to sell round 1.6660, with stop loss of 1.6720 and target price of 1.6570


FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
ETHUSD Dip: Prime Buy Zone to $3600 Targets
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 



