- Drifs NZD/USD on the second day in a row in connection with a risk impulse.
- Reduced Fed rate reduction of the fed and annoying benefits to USD and weighs kiwi.
- The technical configuration favors the bears of traders and supports the case for further losses.
The NZD/USD pair attracts sellers on the second day in a row on Monday and moves further below the psychological sign of 0.6000 during the Asian session. Spot prices currently trade near the support of 0.5980-0.5975 or a monthly low touch last week and seem defenseless among growing trade tensions.
US President Donald Trump raised Ante on Trade Wars on Saturday, announcing a 30% tariff for products from the European Union (EU) and Mexico from August 1. In turn, this is the appetite of investors with more risky assets, which, together with the reduced bets for immediate reduction of interest rates by the Federal Reserve (FED), acts as secrets for the American dollar (USD. Kiwi.
From a technical point of view, a failure last week near the 100-speed elementary movable (SMA) point on a 4-hour table favors the nZD/USD bears. In addition, negative oscillators on the charts every hour/day suggest that the path of the lowest resistance for the spot prices is a disadvantage and returning to the extension of the repair slide from the 0.6120 area or the highest level from October 2024 affected at the beginning of this month.
However, it will still be wise to wait for another sales below 61.8% of Fibonacci’s rebirth from the June-Lipca Rally, around the 0.5970 area, before positioning to deeper losses. The NZD/USD pair may then become susceptible to accelerating the fall towards the next appropriate support near the 0.5935 area, before it finally falls to the round figure of 0.5900 and monthly in June, around the region of 0.5880.
On the other hand, an attempt to recover can now face a certain resistance near the 0.6025 area (50% level), above which the NZD/USD pair may raise to the region 0.6060 or 38.2% fibo. Retracimimation level. Further upward movements may allow the spot price to be recovered and testing the annual peak again, around the zone 0.6120. In addition, they have become the last one can change compact -term prejudice in favor of those who are inspired by traders.
4-hour NZD/USD table
The price of the American dollar lasts 7 days
The table below shows the percentage change in the US dollar (USD) compared to the stock exchange main currencies lasting 7 days. The American dollar was the strongest to Japanese yen.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.92% | 1.33% | 2.25% | 0.75% | -0.04% | 1.31% | 0.49% | |
| EUR | -0.92% | 0.42% | 1.08% | -0.20% | -0.89% | 0.38% | -0.45% | |
| GBP | -1.33% | -0.42% | 0.62% | -0.59% | -1.30% | -0.03% | -0.98% | |
| JPy | -2.25% | -1.08% | -0.62% | -1.23% | -2.01% | -0.68% | -1.65% | |
| BOOR | -0.75% | 0.20% | 0.59% | 1.23% | -0.76% | 0.57% | -0.39% | |
| Aud | 0.04% | 0.89% | 1.30% | 2.01% | 0.76% | 1.39% | 0.31% | |
| NZD | -1.31% | -0.38% | 0.03% | 0.68% | -0.57% | -1.39% | -0.95% | |
| CHF | -0.49% | 0.45% | 0.98% | 1.65% | 0.39% | -0.31% | 0.95% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose an American dollar on the left column and move along the horizontal line to Japanese Jen, the percentage shift displayed in the field will represent USD (base)/JPy (quote).
