NZD lost its shine after a surprise dovish rate cut. It declined sharply to 0.60040 and is currently trading around 0.60054.
The Reserve Bank of New Zealand (RBNZ) cut rates by 25 bps to 5.25% from 5.50% today. The central bank’s new economic projection indicates a possibility of another rate cut this year and 100 bpbs in 2025.
Annual CPI inflation is projected at 2.4% by Sep 2025 vs 2.2% previous.
The near-term support is around 0.59970, any break below will drag the pair to 0.5970/0.5940.
On the higher side, immediate resistance is 0.60230 any breach above targets 0.6350/0.60440.
It is good to sell on rallies around 0.60250 with SL around 0.6050 for a TP of 0.5945.


BOJ Governor Ueda Meets Key Ministers as Markets Eye Policy Shifts Under New Leadership
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Woodies Pivot(Major)
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens
FxWirePro: NZD/USD sustains gains as uptrend remains strong
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile
BOJ Seen Moving Toward December Rate Hike as Yen Slides
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 



