• NZD/USD declined on Tuesday as the Kiwi dollar came under pressure due to expectations that the Reserve Bank of New Zealand will continue its aggressive policy easing approach.
• Looking ahead, investors are closely watching the crucial U.S. CPI data set for release on Wednesday, with expectations that it will bolster speculation of a rate cut by the Federal Reserve at its upcoming meeting later this month.
• The NZD/USD slipped 0.52% to $0.5836, after advancing 0.57% in the previous session.
• Immediate resistance is located at 0.5901(38.2%fib), any close above will push the pair towards 0.5962(50%fib).
• Support is seen at 0.5822(23.6%fib) and break below could take the pair towards 0.5791(Lower BB).
Recommendation: Good to sell around 0.5840, with stop loss of 0.5900 and target price of 0.5730


JPY Major Currency Score
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro- Major Pair levels and bias summary
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 



