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NZD/USD Price Analysis: Kiwi rallies toward 0.5700 despite persistent bearish backdrop
NZD/USD Price Analysis: Kiwi rallies toward 0.5700 despite persistent bearish backdrop
The NZD/USD pair advanced firmly on Wednesday, rising sharply ahead of the Asian session and trading near the 0.5700 mark. The pair is testing the upper region of its daily range, reflecting a strong intraday bounce despite a broader backdrop that still leans bearish.
Technical Analysis
Currencies
Majors
NZDUSD
Gold surges over $100, posts strongest intraday gain since 2016
Gold surges over $100, posts strongest intraday gain since 2016
Safe-haven flows drive prices higher as gold bounces from 50-day MA and flirts with key technical levels
NZDUSD rebound tests key resistance zone. Finds sellers on the first look.
NZDUSD rebound tests key resistance zone. Finds sellers on the first look.
Buyers capitalize on failed breakdown, but momentum hinges on a move above 0.5592
Sellers had their shot below swing area. They missed.
Sellers had their shot below swing area. They missed.
Despite falling below key support levels, sellers fail to capitalize as buyers defend, opening up potential bounce opportunities for USDJPY traders.
AUDUSD buyers step in after failed break lower. What next?
AUDUSD buyers step in after failed break lower. What next?
Sellers missed their shot below Monday’s low—now buyers eye key resistance at the 100-hour MA/swing low going back to early February near 0.6087.
USDCAD continues the ups and downs. High price today stalled ahead of 100 day MA
USDCAD continues the ups and downs. High price today stalled ahead of 100 day MA
The price is back near key swing area between 1.41498 to 1.41789
GBP recovers recent losses – Scotiabank
GBP recovers recent losses – Scotiabank
Pound Sterling (GBP) is up a modest 0.5% vs. the US Dollar (USD) and retracing a portion of its recent losses, Scotiabank's Chief FX Strategist Shaun Osborne notes on Wednesday.
Technical Analysis
Banks
GBPUSD
EUR cheers German political developments – Scotiabank
EUR cheers German political developments – Scotiabank
The Euro (EUR) is up an impressive 0.8% vs. the US Dollar (USD) and outperforming most of the G10 currencies with the exception of AUD and CHF, recovering its recent losses and pushing back toward last week’s highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD holds range despite headwinds from risk, commodities – Scotiabank
CAD holds range despite headwinds from risk, commodities – Scotiabank
Canada’s 25% counter tariffs on non-USMCA compliant vehicles came into force just after midnight, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD: US markets wilt under tariff pressure – Scotiabank
USD: US markets wilt under tariff pressure – Scotiabank
Yesterday’s hopes for some moderation in US tariff policy met the reality of 104% tariffs on China and President Trump’s other levies being imposed as of midnight last night, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex
The USDCHF trades to a new low going back to December 2023
The USDCHF trades to a new low going back to December 2023
The December 2023 low at 0.83318 is the lowest low going back to 2011
The USD is lower as tariff wars escalate. Lower USD as sellers dump stocks, bonds.
The USD is lower as tariff wars escalate. Lower USD as sellers dump stocks, bonds.
China announces they will charge 84% tariff on US goods. 10 year bond auction later today.
EUR/USD edges higher amid flat momentum – OCBC
EUR/USD edges higher amid flat momentum – OCBC
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
TradeWar
Banks
USD/JPY: Short squeeze soon? – OCBC
USD/JPY: Short squeeze soon? – OCBC
USD/JPY dipped this morning. Safe-haven demand was the main catalyst while UST-JGB yield differentials also narrowed. Pair was last at 144.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
Euro shows unexpected safe haven strength – Rabobank
Euro shows unexpected safe haven strength – Rabobank
Following President Trump's tariff announcement, the euro has shown surprising resilience, acting more like a safe haven currency alongside the Swiss franc and Japanese yen.
Technical Analysis
EURUSD
Banks
Fundamental Analysis
USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 – UOB Group
USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 – UOB Group
Further US Dollar (USD) strength is not ruled out vs Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.3600/7.4420.
Technical Analysis
USDCNH
Banks
How fast is too fast for the SNB? – Commerzbank
How fast is too fast for the SNB? – Commerzbank
The Swiss franc has emerged as a clear winner amidst the recent market turbulence following Donald Trump's tariff announcement, appreciating significantly against major currencies.
Technical Analysis
EURCHF
SNB
Banks
Switzerland
USD/JPY: Oversold weakness has not stabilized – UOB Group
USD/JPY: Oversold weakness has not stabilized – UOB Group
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00.
Technical Analysis
USDJPY
Banks
RBNZ cuts rates as expected – Commerzbank
RBNZ cuts rates as expected – Commerzbank
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.
Technical Analysis
RBNZ
NewZealand
Banks
NZDUSD
NZD/USD: Downward momentum is building – UOB Group
NZD/USD: Downward momentum is building – UOB Group
Downward momentum is building; New Zealand Dollar (NZD) is likely to decline vs US Dollar (USD), but it is unclear whether it can break the major support at 0.5450.
Technical Analysis
Banks
NZDUSD
AUD/USD: Downward momentum has increase slightly – UOB Group
AUD/USD: Downward momentum has increase slightly – UOB Group
Downward momentum has increase slightly; Australian Dollar (AUD) is likely to edge lower but is unlikely to reach 0.5870 vs US Dollar (USD).
Technical Analysis
Banks
AUDUSD
USD: Sell America? – ING
USD: Sell America? – ING
Just when the dollar seemed to be regaining some confidence, the US decision to go ahead with a tariff hike of 104% on China led to a rotation away from the greenback.
Technical Analysis
Banks
DollarIndex
GBP/USD: Likely to trade between 1.2740 and 1.2860 – UOB Group
GBP/USD: Likely to trade between 1.2740 and 1.2860 – UOB Group
Current price movements are likely part of a range-trading phase, probably between 1.2740 and 1.2860.
Technical Analysis
Banks
GBPUSD
CNY: Depreciation remains a key policy response – ING
CNY: Depreciation remains a key policy response – ING
In China, the PBoC set the USD/CNY fixing at 7.2066 this morning. This marks the fifth consecutive adjustment higher, reinforcing the view that a controlled weakening of the yuan (albeit not a devaluation) is part of China’s policy response to tariffs, ING's FX analyst Francesco Pesole notes
Technical Analysis
China
PBOC
USDCNH
Banks
USDJPY Technical Analysis – Another wave of risk-off boosted the JPY
USDJPY Technical Analysis – Another wave of risk-off boosted the JPY
The USDJPY pair rolled back over to the lows as the sentiment turned negative yesterday going into the US session close. What’s next?
EUR/USD: Any advance might not reach 1.1050 – UOB Group
EUR/USD: Any advance might not reach 1.1050 – UOB Group
Bias for Euro (EUR) is on the upside, but any advance might not reach 1.1050.
EURUSD
Technical Analysis
Banks
EUR: Benefitting from USD losses – ING
EUR: Benefitting from USD losses – ING
EUR/USD has rallied back above 1.10, banking on idiosyncratic USD weakness. The Atlantic spreads can have inverse correlations with FX if there are signs that markets are losing confidence in a broader spectrum of USD-denominated assets, ING's FX analyst Francesco Pesole notes.
Technical Analysis
EURUSD
Banks
DollarIndex
Nasdaq Analysis for Today with tradeCompass
Nasdaq Analysis for Today with tradeCompass
Bullish above, bearish below. See the partial profit targets, that is a major part of the tradeCompass.
TradeCompass
Nasdaq
Nasdaq Technical Analysis
Euro FX Futures Analysis for Today with tradeCompass
Euro FX Futures Analysis for Today with tradeCompass
Bullish above: 1.1070, bearish below: 1.10575. Watch the partial profit targets. Trade EURUSD at your own risk.
TradeCompass
EUR
USD
NZD/USD Price Forecast: Rebounds from sub-0.5500 levels/multi-year low; not out of the woods yet
NZD/USD Price Forecast: Rebounds from sub-0.5500 levels/multi-year low; not out of the woods yet
The NZD/USD pair stages a modest recovery from levels below the 0.5500 psychological mark, or the lowest since March 2020  touched earlier this Thursday after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.
Technical Analysis
Currencies
TradeWar
RBNZ
NZDUSD
Gold stuck as US yield splie, tariff worries drag prices beneath $3,000
Gold stuck as US yield splie, tariff worries drag prices beneath $3,000
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
AUD/JPY Price Analysis: Aussie drops sharply toward 87.00 as bearish pressure intensifies
AUD/JPY Price Analysis: Aussie drops sharply toward 87.00 as bearish pressure intensifies
The AUD/JPY pair extended its losses on Tuesday, trading near the 87.00 area ahead of the Asian session. The cross has dropped significantly on the day, falling near the bottom of its daily range, reflecting persistent downside pressure.
Crosses
Technical Analysis
Currencies
AUDJPY
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
NZD/USD Price Analysis: Kiwi edges higher but bears keep control below key moving averages
The NZD/USD pair registered neutral movements during Tuesday’s session, with the pair seen moving around the 0.5530 region but cleared gains which took it to highs above 0.5600.
Technical Analysis
Currencies
Majors
NZDUSD
EURUSD stalls at 100 hour MA
EURUSD stalls at 100 hour MA
The 100-hour MA is at 1.0970. The 200-hour MA stalled the fall (with the 61.8% level)
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
Mexican Peso depreciates sharply on tariff woes ahead of inflation data
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.83, up 0.75%.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
GBPUSD tests key swing level as sellers take control at least in the short term.
GBPUSD tests key swing level as sellers take control at least in the short term.
Break below 1.27187 opens the door to deeper downside targets; 200-day MA caps the upside
EUR/USD Price Analysis: Euro holds steady near 1.0900 amid mixed momentum signals
EUR/USD Price Analysis: Euro holds steady near 1.0900 amid mixed momentum signals
The EUR/USD pair traded with a slight bearish bias on Tuesday after the European session, slipping mildly toward the 1.0900 region strugguling to hold earlier gains.
Technical Analysis
Currencies
EURUSD
Majors