• EUR/NZD recovered from earlier decline on Monday as rising U.S. bond yields knocked risk appetite.
• EUR/NZD initially dipped but found buyers at 1.6595, rally lifts the pair towards 1.6636.
• Technical signals show the pair could gain more ground in the short-term as RSI is turning up bullish, daily momentum studies 5, 9,11 are trending up.
• Immediate resistance is located at 1.6660 (38.2%fib), any close above will push the pair towards 1.6725(Higher BB).
• Immediate support is seen at 1.6544 (23.6% fib) and break below could take the pair towards 1.6500 (Psychological level).
Recommendation: Good buy around 1.6630, with stop loss of 1.6500 and target price of 1.6680


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 



