• GBP/NZD declined on Monday as upbeat New Zealand retail sales data boosted kiwi across the board.
• New Zealand retail sales volumes rose a seasonally adjusted 2.5 percent in the first quarter, data from Statistics New Zealand showed on Monday, putting sales 6.8 percent higher on the year.
• Selling pressure will remain in the short-term, only a move above 1.9746 ( Daily high) strong resistance will shift the bias higher.
• Technical signals show the pair could lose more ground as RSI is turning sharply lower, and 5 and 9 DMA’s are trending south.
• Immediate resistance is located at 1.9639 ( 38.2%fib), any close above will push the pair towards 1.9746 ( Daily high).
• Immediate support is seen at 1.9577 (11DMA) and break below could take the pair towards 1.9506 (50%fib).
Recommendation: Good to sell round 1.9640, with stop loss of 1.9700 and target price of 1.9540


FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro- Woodies pivot (Major)
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 



