AUD/NZD slumps to fresh 6-week lows on hawkish RBNZ’s Wheeler

Dhwani Mehta FXStreet

The cross in the AUD/NZD resumed its losing streak and slumped to fresh multi-week lows on Tuesday, reversing a temporary bounce witnessed a day before

AUD/NZD drops below all major DMAs

The AUD/NZD pair now drops -0.46% to 1.0430, having posted fresh six-week lows at 1.0420 post-European open. The cross in the AUD/NZD was heavily sold-off into a stronger New Zealand dollar versus its OZ neighbour, in response to RBNZ Governor Wheeler’s hawkish comments delivered earlier today, citing that the central bank doesn’t see a need for rapid easing.

However, the downside seems restricted on the back of some buying interest seen around the AUD/USD pair amid persisting risk-friendly market environment. Attention now turns towards the US economic data due later in the NA session, ahead of the NZ trade balance data lined up for release in the Asian morning on Wednesday.

AUD/NZD Technical Levels

To the upside, the next resistance is located at 1.0450 (psychological levels) and above which it could extend gains to at 1.0483 (5-DMA).To the downside immediate support might be located 1.0400 (round number) below that at 1.0367 (daily S3).\

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD braces for more pain, as 200-day SMA tested

GBP/USD broke the previous week’s consolidation to the downside, as sellers returned with pomp, smashing the major back toward the levels last seen in late January. The pair tested bids below the 1.3450 barrier as the US Dollar strength largely played out throughout the week, while the Pound Sterling stepped back on expectations of divergent monetary policy outlooks between the Bank of England and the US Federal Reserve.

Gold rises to near $5,100 as Trump’s tariffs boost haven demand, US-Iran talks eyed

Gold price edges higher to near $5,095 during the early Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, boosting safe-haven flows.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Broadening drivers of growth: Unpacking GDP and looking ahead

This week’s data delivered a familiar theme with an important twist. The U.S. economy continues to be shaped by powerful forces in high-tech and AI-related investment, but recent releases suggest the growth story may finally be broadening. At the same time, trade flows are moving in a less supportive direction, reminding us that not all parts of the economy are pulling in sync.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.