• NZD/USD steadied around 0.5830 on Monday as investors looked ahead to the Reserve Bank’s policy decision this week.
• The Reserve Bank of New Zealand is expected to cut rates by 25 basis points on 8 October, with markets pricing in two additional cuts afterward.
•The Reserve Bank of New Zealand (RBNZ) has already acted and is expected to implement rate cuts in October and November, with a possibility that one of these cuts could be 50 basis points.
•A key challenge for the RBNZ is its dependence on infrequent data releases. Markets will have to wait until 19 October for the critical Q3 CPI report, which is likely to influence rate expectations more than any forward guidance from next week’s meeting.
• Immediate resistance is located at 0.5870(SMA 20), any close above will push the pair towards 0.5901(50%fib).
• Support is seen at 0.05812 (Daily low) and break below could take the pair towards 0.5775(23.6%fib).
Recommendation: Good to sell around 0.5840 with stop loss of 0.5930 and target price of 0.5760


CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro- Major Crypto levels and bias summary
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/ CNY gains some upside momentum but still bearish
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Woodies Pivot(Major)
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: USD/JPY dips below lower range, bearish bias increases
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Major European Indices
FxWirePro: NZD/USD sustains gains as uptrend remains strong
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85 



