• NZD/USD held firm on Thursday as easing Middle East concerns from last week have revived appetite for risk, providing support for the risk-sensitive New Zealand dollar.
• A ceasefire between Israel and Iran, which appears to be holding, has calmed markets by easing fears of disruptions to global oil trade and supporting overall investor sentiment.
• With no key New Zealand economic releases or Reserve Bank of New Zealand (RBNZ) speeches scheduled, broader risk appetite remains the primary driver for the NZD/ USD near-term direction.
• Markets see little chance of the Reserve Bank of New Zealand cutting its 3.25% benchmark rate in July, but expectations for an August rate cut have climbed to over 60%.
• Technical show resilience: 5-, 10-, and 21-day moving averages are holding firm, RSI is pointing north.
• Immediate resistance is located at 0.6079(23.6%fib), any close above will push the pair towards 0.6095(Higher BB).
• Support is seen at 0.6021(SMA 20)and break below could take the pair towards 0.5979 (38.2%fib).
Recommendation: Good to buy around 0.6030 with stop loss of 0.5920 and target price of 0.6120


Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro- Major European Indices
FxWirePro- Major European Indices
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 



