FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains 
FxWirePro- Major Pair levels and bias summary 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: NZD/USD pulls back from 6-month high 
FxWirePro: USD/ZAR gains mild momentum, trend remains bearish 
USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight 
FxWirePro- Major European Indices 
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.
