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FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
• 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.
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• 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
