GBP/NZD edged lower on Wednesday after the Federal Reserve raised interest rates and signalled further increases in borrowing costs in the coming months..
• The Fed raised interest rates by 25 basis points, its first hike since 2023, and signalled further increases ahead. New Chair Kevin Warsh joined the unanimous vote in favor of the move.
• Speaking in Washington after the decision, Warsh echoed the Fed’s statement, pledging that policymakers would “deliver price stability.”.
• Oil prices fell after reports that Saudi Arabia was offering additional crude cargoes via Oman following drone attacks that damaged an oil pipeline to the Red Sea.
• Meanwhile, the Bank of England is expected to hold interest rates steady at Thursday’s meeting as markets assess still-elevated UK inflation..
• Immediate resistance is located at 2.3496(Sep 16 high), any close above will push the pair towards 2.3562(23.6%fib).
• Immediate support is seen at 2.3350(38.2%fib) and break below could take the pair towards 2.3182(50%fib).
Recommendation: Good to buyl around 2.3350, with stop loss of 2.3300 and target price of 2.3485


FxWirePro: USD/CAD extends gains ahead of Fed rate decision
FxWirePro: AUD/USD softens slightly , all eyes on Fed
FxWirePro: GBP/USD falls to six-week ,vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD steadies 2.0030, retains bid tone
Major Pair Currency Score: USDCAD and USDCHF Show Extreme Bullishness, EURUSD, GBPUSD, AUDUSD, and NZDUSD Bearish
NZDJPY Faces Resistance: Sell on Rallies as Downtrend Favors Bears
FxWirePro: GBP/AUD neutral in the near term, scope for further downside
FxWirePro: EUR/NZD edges lower, but outlook remain bullish
Pressure on the Rupee: INR Slides to Seven-Week Low Amid Triple Macro Threat
FxWirePro: EUR/AUD edges higher but outlook is bearish
AUDJPY Pullback Presents Selling Opportunity Above 110.50
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY trades in tight range ahead of event risks
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



