• GBP/NZD declined on Friday as commodity-linked currencies like kiwi got boosted from higher oil price.
• Oil price rose by more than 2% on Friday supported by tight supply. Crude has gained support from the almost total shutdown of output in OPEC member Libya due to unrest.
• GBP/NZD in danger of crashing under major fibo support, clear break of 1.9389(50%fib) opens up 1.9300 level.
•GBP/NZD bulls must regain above 38.2%fib resistance to stem the bearish tide and a rise above the (23rd June high) at 1.9585 to regain momentum.
• Immediate resistance is located at 1.9549 (38.2%fib), any close above will push the pair towards 1.9585 (23rd June high ).
• Immediate support is seen at 1.9389(50%fib) and break below could take the pair towards 1.9353 (21DMA).
Recommendation: Good to sell round 1.9420, with stop loss of 1.9530 and target price of 1.9340


FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro :USD/JPY eases slightly, remains on bullish path
JPY Action Bias: Bullish Pairs to Watch Out For
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 



