• NZD/USD dipped on Monday, as the New Zealand dollar continued to be weighed down by dovish expectations for the Reserve Bank’s monetary policy.
• last week data showed, New Zealand’s GDP contracted 0.9% in Q2, a steeper drop than the 0.3% decline projected by both analysts and the RBNZ
•The unexpectedly sharp contraction has heightened expectations for a more aggressive rate cut in October
• Investors have fully priced in a 25-basis-point cut to 2.75% by the Reserve Bank of New Zealand in October, with around a one-in-four chance of a 50-basis-point reduction.
• Immediate resistance is located at 0.5900(50%fib), any close above will push the pair towards 0.5907(SMA20).
• Support is seen at 0.5818(Lower BB)and break below could take the pair towards 0.5801(61.8%fib).
Recommendation: Good to sell around 0.5870 with stop loss of 0.5950 and target price of 0.5800


Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity
FxWirePro- Major European Indices
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
FxWirePro: GBP/USD gains some upside momentum but still bearish
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro- Major European Indices
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: GBP/USD recovers but bears are not done yet again
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 



