The NZDUSD (New Zealand dollar/US dollar pair) traded around 0.5712, maintaining a weekly gain despite a mild retreat in Friday’s session. A weaker U.S. dollar, driven by trade policy uncertainty and shifting tariff decisions, has helped support the Kiwi.
Picture: NZDUSD slides to 0.57117, testing support at 0.57009 as bearish momentum builds, as seen on the VT Markets app
NZDUSD declined 0.32%, closing at 0.57117 after opening at 0.57299. The price tested a high of 0.57406 and a low of 0.57104, indicating mild bearish pressure.
The moving averages (MA 5,10,30) suggest a downtrend, with short-term MAs crossing below the longer-term trend. The MACD (12,26,9) histogram is in negative territory, reflecting continued downside momentum.
Key support is at 0.57009, while resistance is seen at 0.57595. A break below support may trigger further selling, whereas a push above resistance could signal recovery.
The U.S. dollar softened after President Trump announced a temporary tariff reprieve for auto imports from Mexico and Canada, reversing an earlier decision to impose a 25% duty. Markets remain cautious as the lack of clarity in trade policy raises concerns about global economic stability.
Traders are now looking ahead to the U.S. non-farm payrolls report, which could influence Federal Reserve policy expectations. Meanwhile, domestic uncertainty lingers following Reserve Bank of New Zealand Governor Adrian Orr’s resignation, with markets awaiting potential policy direction shifts.
NZD also found additional support from China’s fresh stimulus commitments, extending beyond its fiscal measures outlined in Wednesday’s annual work report. This has helped improve risk sentiment, benefiting the commodity-linked currency.
NZDUSD remains resilient as long as global risk sentiment holds firm. However, a strong U.S. jobs report could apply downward pressure, while weak data may propel the pair higher.
اکنون تجارت را شروع کنید – برای ایجاد حساب VT Markets زنده خود اینجا را کلیک کنید
شرکای رسمی:
