• EUR/NZD declined on Thursday as investors weighed the risks of further monetary policy tightening by the European Central Bank (ECB) and of a U.S. recession.
• A close below support at 23.6%fib will give further momentum to bears, opening the way for a run towards 1.7200 level.
•Technicals are favouring bearish sentiment as RSI is falling and the pair is trading below 5,9 & 21-DMAs.
• Immediate resistance is located at 1.7388 (11DMA), any close above will push the pair towards 1.7425 (38.2%fib).
• Immediate support is seen at 1.7261 (23.6%fib) and break below could take the pair towards 1.7198(May 11th low).
Recommendation: Good to sell round 1.7330, with stop loss of 1.7430 and target price of 1.7250


NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/JPY edges higher but bulls lack punch 



