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FxWirePro: GBP/NZD slips as RBNZ holds rates steady after split decision

• GBP/NZD slipped lower on Wednesday  as kiwi dollar rose after New Zealand's central bank held rates steady  .

• New Zealand's central bank held rates steady on Wednesday, but a split vote underscored a ‌knife-edge decision.

• Wrapping up the May policy meeting, the Reserve Bank of New Zealand kept the official cash rate (OCR) on hold at 2.25%, and said three members voted to raise interest rates by a quarter-point while three voted to leave rates steady.

• RBNZ Governor Anna Breman cast the ultimate ​deciding vote, the first such tiebreaker since the monetary policy committee was set up in 2019.

•Markets were about 80% priced for a hold on ‌Wednesday, a ⁠view shared by all but one of 29 economists polled by Reuters.

• Immediate resistance is located at 2.2815(50%fib), any close above will push the pair towards 2.2998(SMA 20).

• Immediate support is seen at 2.2628(Lower BB) and break below could take the pair towards 2.2593(38.2%fib).

Recommendation: Good to sell  around 2.2830  with stop loss of 2.2880   and target price of 2.2770

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