NZD/USD Price Analysis: Bulls defending the 38.2% Fibo support

An upside extension in NZD/USD on the hourly chart is to play for in a weak US dollar environment.
NZD/USD bulls are seeking a break of resistance.

Ross J Burland FXStreet

It has been a bust start to the week for the bird with the ope offering a considerable downside gap only to be met with strong demand in European trade on the back of a vicious slide in the greenback:

DXY daily chart

The price action has distorted the downside bias and leaves prospects of an hourly bullish extension on the table as follows:

NZD/USD, 1-hour chart

So far, there is strong resistance on bullish attempts, but the price is holding at a 38.2% Fibonacci confluence that meets prior resistance structure looking left.

The bulls can continue to monitor for bullish price action and structure on a lower time frame for an optimal entry:

30-min chart

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD gains ground for the second successive session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator stands at 51 (neutral) after recovering above the midline, indicating stabilizing momentum.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold eyes a daily closing above key 61.8% Fibo resistance

Gold is adding over 1% early Monday, after having gained 2% on Friday. The bright metal scales key technical hurdles, as buyers stay strong amid renewed tariffs and economic uncertainty alongside looming US-Iran geopolitical tensions.

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.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.