- Pair is currently trading around 1.3632 marks.
- It made intraday high at 1.3671and low at 1.3613 levels.
- Intraday bias remains bearish for the moment.
- Pair breaks initial support level at 1.3720 and dragged the parity down towards 7- month low at 1.3611 marks (July 2015 low).
- A break below 1.3611 will tests the next support at 1.3486 marks.
- Alternatively, reversal from key support will drag the parity up towards 1.3723 marks.
- On the other side, a sustained break above 1.3817 is required to confirm some more upside movement and drag the parity towards initial resistances at 1.3842/1.3895/1.3964 marks thereafter.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro: AUD/USD range bound ahead of RBA policy decision
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data 



