NZD/USD chart - Trading View
NZD/USD was trading marginally higher in the Asian session, recovery lacks traction.
The pair has paused three straight sessions of downside, but bias remains bearish.
The sentiment remains risk-averse as evidenced by risk-off action in the stock markets.
Technical analysis supports weakness. Major trend is bearish and minor trend is neutral. Upside remains capped at 5-DMA.
'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps check on upside in the pair.
Fears of a prolonged recession likely to cap gains seen in NZD. Focus on US Jobless Claims for further impetus.
Analysts expect the US initial jobless claims for the week ended March 27 to exceed 4.45 million versus preceding week's figure of 3.283 million.
Support levels - 0.5888 (200H MA), 0.5827 (Tenkan sen), 0.5772 (23.6% Fib)
Resistance levels - 0.5978 (5-DMA), 0.6005 (21-EMA), 0.6112 (50% Fib)
Guidance: Good to stay short on break below 200H MA (0.5888), SL: 0.6000, TP: 0.5830/ 0.5775/ 0.57


FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Urban studies: Doing research when every city is different
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Major Crypto levels and bias summary
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: GBP/NZD edges higher but bearish outlook persists
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



