• GBP/NZD firmed on Monday as cable enjoyed a modest bounce as investors assessed slight chance of a single rate hike by the Bank of England (BoE) towards the end of the year.
•Markets are attaching a 70% chance of just one rate rise this year, compared with at least one rise and a strong chance of a second just a couple of weeks ago.
• BoE Governor Andrew Bailey said last week the central bank was not in a position to consider cutting interest rates.
•The drop in the oil price back towards $70 a barrel has taken the pressure off central bankers to raise borrowing costs, including the Bank of England.
• Immediate resistance is located at 2.3523(23.6%fib), any close above will push the pair towards 2.3603(Higher BB).
• Immediate support is seen at 2.3307 (38.2%fib) and break below could take the pair towards 2.3239(SMA 20).
Recommendation: Good to buy around 2.3450, with stop loss of 2.3350 and target price of 2.3550


FxWirePro: USD/CAD steadies around 1.4200, retains bid tone
FxWirePro- Major Pair levels and bias summary
NZDJPY: Caught Between a Rock and a Hard Place – Will the Downtrend Prevail?
FxWirePro: NZD/USD slips ahead of widely expected RBNZ rate hike
EURJPY Bulls Charge Past 185 Amidst Yen Weakness; Buy Dips Near 185.28
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: NZD/USD advances as weak U.S. payrolls pressure greenback
FxWirePro: USD/CAD consolidating around 1.4200 room for further gains
FxWirePro: USD/ZAR neutral in the near term, scope for downward resumption
FxWirePro: AUD/USD slips following softer TD-MI inflation gauge
FxWirePro- Major Pair levels and bias summary
AUDJPY Surges Above 112: Bullish Momentum Signals Further Gains
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ CNY gains some ground but bearish outlook persists
GBPJPY Surges Above 216.50 Amidst Yen Weakness; Buy on Dips Advised 



