• EUR/NZD initially gained on Tuesday but short rally fizzled as market awaited rate decision Reserve Bank of New Zealand .
• Reserve Bank of New Zealand (RBNZ) is expected to raise its official cash rate (OCR) by 25 basis points to 5.50% on Wednesday.
• EUR/NZD focus is on 1.7161(50%fib) suppport, a break below will accelerate losses.
•Technicals are favouring bearish sentiment as RSI is falling and the pair is trading below 11,14 & 21-DMAs.
• Immediate resistance is located at 1.7272 (38.2%fib), any close above will push the pair towards 1.7328 (14DMA).
• Immediate support is seen at 1.7161(50%fib) and break below could take the pair towards 1.7037 (61.8%fib).
Recommendation: Good to sell round 1.7230, with stop loss of 1.7330 and target price of 1.7160


FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
Crypto Bias Report: Trend Signals and Top Bullish Picks
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: USD/CNY edges higher but bulls lack punch
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



