• NZD/USD edged lower on Monday as markets positioned for a rate cut from the Reserve Bank of New Zealand at Wednesday’s November meeting.
• Weakness in New Zealand’s recent economic data is increasing the likelihood that the RBNZ may need to loosen policy.
• Markets are all but certain the Reserve Bank of New Zealand will cut rates by 25 basis points on Wednesday, but are on the fence about whether a further reduction will follow next year.
•Traders will pay close attention to the central bank’s guidance after the decision, with analysts noting this may be the final cut of the current easing cycle unless global conditions deteriorate sharply.
• Immediate resistance is located at 0.5635(Nov 20th high), any close above will push the pair towards 0.5669(38.2%fib).
• Support is seen at 0.5575(23.6%fib) and break below could take the pair towards 0.5532 (Lower BB).
Recommendation: Good to sell around 0.5630, with stop loss of 0.5770 and target price of 0.5550


FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: USD/JPY dips below lower range, bearish bias increases
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: EUR/AUD poised for further downside after key fibo break 



