NZDUSD It has hit a key structure level of 0.5520 Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction. Target at 0.5640
AUDUSDNZDUSD So why are AU and NZ plummeting while EU and GU are holding ground? Easy… fundamentals.
Tariffs are an obvious concern - and there’s lots of inflow into safe havens like YEN and SWISS. Causing Dollar to dump. But why are AU and NZ dumping?
AU and NZ are heavily dependent on China’s economy. The recent high tariffs against China is an indirect hit on these two economies.
Until resolution is met with China and US… this trend continuation is probable.
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