• NZD/USD eased on Wednesday after the Reserve Bank of New Zealand (RBNZ) held rates steady but signaled a likely cut ahead.
• The RBNZ held its interest rate at 3.25% on Wednesday, citing short-term inflation risks, but signaled possible rate cuts ahead if inflation continues to decline as expected..
• The central bank has lowered rates by 225 basis points since August, but with inflation at 2.5% and trade tensions posing potential upside risks, policymakers are now taking a more cautious stance.
• RBNZ meeting minutes showed the bank expects to cut rates in line with its May projections but sees a case for waiting until August due to short-term inflation risks.
•At GMT 04:39, the New Zealand dollar was trading down 0.01% at 0.5998 against greenback .
• Immediate resistance is located at 0.6069(Jul 7th high), any close above will push the pair towards 0.6111 (23.6%fib).
• Support is seen at 0.5983(38.2%fib)and break below could take the pair towards 0.5912(Lower BB).
Recommendation: Good to sell around 0.6020 with stop loss of 0.6090 and target price of 0.5940


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro- Major European Indices
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 



