NZDUSD Analysis
NZDUSD reached the higher low area of the Ascending channel and the horizontal support
NZDUSD Update
NZDUSD has broken the Ascending channel, which leads to the SL price.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why NZD is Weaker
US Tariffs on China – Additional 10% tariffs hurt China’s economy, impacting NZD as China is NZ’s key trading partner.
Risk-Off Sentiment – Trade tensions drive investors toward safer assets, weakening NZD.
Commodity Price Pressure – NZD is sensitive to global trade uncertainties, affecting its export-driven economy.
Lack of Strong NZ Economic Data – No major bullish indicators support NZD.
Why USD is Stronger
High USD Demand – Increased dollar purchases strengthen the exchange rate.
Stronger US GDP – 2.3% annualized growth boosts confidence in USD.
Safe-Haven Appeal – Trade tensions push investors toward USD.
Upcoming PCE Inflation Data – Anticipation of strong inflation keeps USD bullish.
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