• GBP/NZD declined on Tuesday as higher commodity prices and gains in equity market added to investors desire for riskier assets.
• The Russia-Ukraine war has led to a rally in commodity prices, including oil and metals, amid concerns of supply disruptions.
• Selling pressure will remain in the short-term, only a move above 1.9344 ( 50 % fib) strong resistance will shift the bias higher.
• 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 1.9075 (5DMA), any close above will push the pair towards 1.9198 (38.2%fib).
• Immediate support is seen at 1.9023 (23.6%fib ) and break below could take the pair towards 1.8913 ( 2nd Nov 2020 low).
Recommendation: Good to sell round 1.9090 , with stop loss of 1.9190 and target price of 1.8930


FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 



