Chart - Courtesy Trading View
NZD/USD was trading 0.12% lower on the day at 0.6447 at around 09:20 GMT.
The major is extending bearish streak for the 8th consecutive session, outlook bearish.
Uncertainty ahead of the Fed monetary policy announcement has strengthened the negative market sentiment, denting the antipodeans.
Friday's release of the March Personal Consumption Expenditure (PCE) Price Index remained supportive of elevated US Treasury bond yields.
US Treasury yields regained upside momentum amid hawkish Fed expectations, supporting the greenback.
Further, fears of global economic slowdown and inflation boom, add to the US dollar’s safe-haven demand.
Focus now on US ISM Manufacturing PMI for April, expected at 58.0 versus 57.1 prior, for short-term directions.
Technical bias is bearish. Little support seen till 0.6392 (127.2% Fib). Next major support lies at 161.8% Fib at 0.6217.


GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro- Major Pair levels and bias summary
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 



