NZD/USD Asia Price Forecast: Kiwi ready for a larger retracement up

NZD/USD is bouncing from 2020 lows.
The level to beat for bulls is the 0.6360 resistance.

Flavio Tosti Independent Analyst

NZD/USD daily chart

Kiwi/Dollar is trading in a downtrend while bouncing modestly from the 2020 lows as the market is below the main SMAs. However, the USD weakness can lead to some profit-taking and help the currency pair to bounce some more particularly on a break above the 0.6360 level which could lead to further appreciation towards the 0.6380 and 0.6412 level. Support is seen 0.6300 and 0.6250 level.

Additional key levels

NZD/USD

Overview
Today last price	0.6349
Today Daily Change	0.0000
Today Daily Change %	0.00
Today daily open	0.6349

Trends
Daily SMA20	0.6444
Daily SMA50	0.656
Daily SMA100	0.6485
Daily SMA200	0.6495

Levels
Previous Daily High	0.6358
Previous Daily Low	0.6303
Previous Weekly High	0.6449
Previous Weekly Low	0.6303
Previous Monthly High	0.6741
Previous Monthly Low	0.6453
Daily Fibonacci 38.2%	0.6337
Daily Fibonacci 61.8%	0.6324
Daily Pivot Point S1	0.6315
Daily Pivot Point S2	0.6282
Daily Pivot Point S3	0.626
Daily Pivot Point R1	0.637
Daily Pivot Point R2	0.6392
Daily Pivot Point R3	0.6425

Author

Flavio Tosti

Independent Analyst

EUR/USD holds above 1.1800 after German sentiment data

EUR/USD stays in positive territory above 1.1800 on Monday after the data from Germany highlighted a modest improvement in business sentiment in February. Meanwhile, the US Dollar stays under pressure amid growing unceratinty surrounding the US trade regime, allowing the pair to hold its ground.

GBP/USD rises toward 1.3550 as tariff confusion slams USD

GBP/USD extends the advance toward 1.3550 on Monday. The US Dollar faces intense selling pressure as tariff uncertainty lingers following US President Trump's latest announcement. Traders will take more cues from the broader market sentiment and central bank talks.

Gold climbs above $5,100 on broad USD weakness

Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.