RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
FxWirePro- Major Pair levels and bias summary 
EUR/USD Surges Past 1.1570 as Weak US Retail Sales Fuel Bullish Momentum 
FxWirePro: USD/JPY steadies around 159.30,retains bid tone 
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FxWirePro- Woodies pivot (Major) 
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback 
FxWirePro : EUR/NZD slips lower, set to stay on back foot 
FxWirePro- Major Crypto levels and bias summary 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
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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.
