• GBP/ NZD extended its drop on Wednesday as strong New Zealand employment data solidified expectations for a rate hike this month as policymakers attempt to cool a hot economy.
• New Zealand dollar rose sharply against pound after data showed New Zealand’s jobless rate dropped sharply to 4.0% last quarter.
• The pair attempted to breach support at 1.9670 (50% fib) and recovered towards 1.9724 level . A decisive break closure below (50% fib could increase further downside.
• Technical signals show the pair could fall further in the short-term as RSI is at 47 bearish, daily momentum studies 5, 9 and 11 DMAs are trending down.
• Immediate resistance is located at 1.9757 (61.8% fib), any close above will push the pair towards 1.9855 (5DMA).
• Immediate support is seen at 1.9670 (50% fib) and break below could take the pair towards 1.9577 (38.2%fib).
Recommendation: Good to sell around 1.9730, with stop loss of 1.9830 and target price of 1.9630


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: USD/CNY downside pressure builds, key support level In focus
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 



