FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions 
FxWirePro- Major Pair levels and bias summary 
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD 
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
FxWirePro: GBP/USD hits one-month high, scope for further upside 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
• NZD/USD dipped on Monday, as the New Zealand dollar continued to be weighed down by dovish expectations for the Reserve Bank’s monetary policy.
• last week data showed, New Zealand’s GDP contracted 0.9% in Q2, a steeper drop than the 0.3% decline projected by both analysts and the RBNZ
•The unexpectedly sharp contraction has heightened expectations for a more aggressive rate cut in October
• Investors have fully priced in a 25-basis-point cut to 2.75% by the Reserve Bank of New Zealand in October, with around a one-in-four chance of a 50-basis-point reduction.
• Immediate resistance is located at 0.5900(50%fib), any close above will push the pair towards 0.5907(SMA20).
• Support is seen at 0.5818(Lower BB)and break below could take the pair towards 0.5801(61.8%fib).
Recommendation: Good to sell around 0.5870 with stop loss of 0.5950 and target price of 0.5800
