NZDUSD Analysis
NZDUSD is rebounding from the major support level on the higher-timeframe weekly chart. On the 4-hour timeframe, NZDUSD has broken above the top of the minor descending channel and is rebounding strongly from the support area.
NZDUSD Update
NZDUSD is consolidating at the retest area, which leads to the SL price. However, NZDUSD still have chances to to rebound from the retest area the Descending channel.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why USD is Stronger
Sticky Inflation – Strong inflation projections reduced expectations of aggressive Fed rate cuts.
Fed Policy Move – The Fed only cut rates by 25 bps, seen as cautious and supportive for the dollar.
Higher Yield Support – Limited rate-cut outlook keeps US bond yields relatively attractive, boosting USD demand.
Investor Confidence – Resilient US economic outlook compared to peers strengthens global demand for the dollar.
Why NZD is Weaker
GDP Contraction – Annual GDP fell 0.6%, showing the economy is shrinking.
Broad Weakness – Construction and manufacturing declined, while services were flat.
Market Impact – Soft GDP raised concerns about growth, pushing NZD down 1%.
Policy & Currency Pressure – Weak data limits RBNZ tightening scope, while stronger USD adds downside pressure.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. It’s crucial to remain patient and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade signals at premium or supreme plan here: forexgdp.com/buy/
+2200% + 800% +400% +150% Growth in Live Real Trading account of our users, check here: https://www.forexgdp.com/realaccounts/
