• NZD/USD edged higher on Monday as dollar dipped as market reacted to news of Scott Bessent being named the new U.S. Treasury Secretary
•On the data front, New Zealand's retail sales fell by 0.1% in volume terms last quarter, a smaller dip than anticipated. The drop was less severe than many economists predicted, thanks to a boost from stronger vehicle sales.
• On the policy front, investors awaiting Reserve Bank of New Zealand rate decision on Wednesday that could surprise with a super-sized 75 basis point rate cut.
.
• At (GMT 05:00) Kiwi dollar was trading at up 0.32% at $0.5852 against the U.S. dollar.
• Immediate resistance is located at 0.5922(38.2%fib), any close above will push the pair towards 0.5994(50%fib).
• Support is seen at 0.5885(5SMA) and break below could take the pair towards 0.5834 (23.6%fib).
Recommendation: Good to sell around 0.5880, with stop loss of 0.5980 and target price of 0.5750


FxWirePro- Major US Indices
FxWirePro: USD/CAD eases ahead of Fed and BoC rate decisions
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD extends drop, faces 23.6% fib support
GBP/JPY Surges to Multi-Year High: Bullish Momentum Eyes 210 as Yen Weakens
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD pauses downtrend and consolidates
USDCHF Bulls Charge Ahead: ADP Jobs Rebound Fuels Fed Rally to 0.81
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout
FxWirePro: GBP/NZD dips, set to stay on back foot 



