• 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 European Indices
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



