• GBP/NZD initially dipped but later recovered some of its losses as traders repositioned ahead of the Reserve Bank of New Zealand’s upcoming rate decision.
• The Reserve Bank of New Zealand (RBNZ) is widely expected to leave its official cash rate unchanged at its July 9 policy meeting, as recent economic data shows inflation moderating within the central bank’s 1%–3% target range.
• The RBNZ has already delivered 225 basis points of rate cuts since August, policymakers are likely to adopt a wait-and-see approach amid lingering uncertainty over the inflation outlook and global economic headwinds..
• Market consensus now anticipates only one more 25 basis point rate cut for the remainder of the year, down from two projected earlier, suggesting a more cautious policy path going forward.
• Immediate resistance is located at 2.2708(50% fib), any close above will push the pair towards 2.2780(Higher BB).
• Strong support is seen at 2.2538 (SMA 20) and break below could take the pair towards 2.2453(61.8% fib)
Recommendation: Good to buy around 2.2620 , with stop loss of 2.0600 and target price of 2.2750


FxWirePro-Major European Indices
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD edges lower but bullish outlook persists
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major European Indices
FxWirePro: USD/CAD recovers slightly but trend is still bearish 



