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The NZD/USD pair struggles to capitalize on the previous day's modest gains and trades with a negative bias around the 0.5700 mark during the early European session on Tuesday. Spot prices remain close to the lowest level since November 2025, touched last Friday, amid nervousness ahead of US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz.
In the meantime, fading hopes for a last-minute agreement between the US and Iran, along with the risk of a further escalation of tensions, weigh on investors' sentiment. Furthermore, expectations that the war-driven surge in energy prices will boost inflation and force the US Federal Reserve (Fed) to adopt a hawkish stance revive the US Dollar (USD) demand, which, in turn, is seen weighing on the NZD/USD pair.
From a technical perspective, the recent failure near the very important 200-day Simple Moving Average (SMA) and acceptance below the 0.5730 horizontal support breakpoint favors the NZD/USD bears. Furthermore, the Moving Average Convergence Divergence (MACD) indicator remains below the zero line with the MACD line under its signal line and a negative histogram, which reinforces persistent selling pressure rather than a clean momentum reversal.
Adding to this, the Relative Strength Index (RSI) hovers around 36, avoiding oversold territory but still pointing to dominant downside momentum. Meanwhile, initial support aligns with the late sequence lows around 0.5690, followed by the 0.5650 region, where a break would open the way toward the 0.5600 area. As long as price trades below 0.5800 and the 200-day SMA, rallies are exposed to renewed selling into these resistance layers.
On the upside, immediate resistance emerges at the recent congestion area around 0.5750, with the 0.5800 handle capping the upside ahead of the 200-day SMA near 0.5850, a zone that would need to give way to ease the bearish tone.
(The technical analysis of this story was written with the help of an AI tool.)
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.01% | -0.01% | 0.13% | 0.10% | 0.06% | 0.19% | 0.13% | |
| EUR | -0.01% | -0.03% | 0.07% | 0.06% | 0.03% | 0.18% | 0.12% | |
| GBP | 0.01% | 0.03% | 0.11% | 0.11% | 0.09% | 0.21% | 0.17% | |
| JPY | -0.13% | -0.07% | -0.11% | -0.01% | -0.04% | 0.08% | 0.03% | |
| CAD | -0.10% | -0.06% | -0.11% | 0.01% | -0.03% | 0.08% | 0.05% | |
| AUD | -0.06% | -0.03% | -0.09% | 0.04% | 0.03% | 0.13% | 0.09% | |
| NZD | -0.19% | -0.18% | -0.21% | -0.08% | -0.08% | -0.13% | -0.02% | |
| CHF | -0.13% | -0.12% | -0.17% | -0.03% | -0.05% | -0.09% | 0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
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The NZD/USD pair struggles to capitalize on the previous day's modest gains and trades with a negative bias around the 0.5700 mark during the early European session on Tuesday.
纽元/美元货币对难以利用前一天的温和涨幅，在周二欧洲时段早盘于0.5700附近承压，呈现出下行偏向。
华侨银行策略师黄志伟和沈慕祥指出，随着霍尔木兹海峡风险和能源中断威胁演变为更广泛的能源冲击，全球市场保持谨慎。调查数据显示，投入成本上升，交货时间延长。
Spain HCOB Services PMI came in at 53.3, above expectations (50.8) in March
OCBC strategists Christopher Wong and Sim Moh Siong note that global markets are cautious as Hormuz risks and energy disruptions threaten to evolve into a broader energy shock. Survey data already show rising input costs and longer delivery times.
英镑/日元周二连续第二天上涨。多头推动该货币对突破上周交易区间顶部211.50附近，写稿时触及4月新高211.65以上。
The Pound (GBP) trades higher against the Japanese Yen (JPY) for the second consecutive day on Tuesday. Bulls have pushed the pair above the top of last week’s trading range, at the 211.50 area, reaching fresh April highs above 211.65 at the time of writing.
瑞士 三月 瑞士央行外汇储备从前值710B上升至721B
GBP/USD holds its position after registering over 0.25% gains in the previous day, trading around 1.3240 during the early European hours on Tuesday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves lower within the descending channel.