Global Markets

News
Columns
7x24
Economic Calendar
Quotes

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Analysis
AI Signal

Trading Signals

AI Signal

Pro
Recent Searches
    Trending Searches
      News
      7x24
      Quotes
      Economic Calendar
      Video
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      Membership
      Quick Access to 7x24 Real-time Quotes
      Upgrade to Pro

      --

      • My Favorites
      • Following
      • My Subscription
      • Profile
      • Orders
      • FastBull Pro
      • Account Settings
      • Sign out

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      I have a redeem code

      Rules for using redeem codes:

      1.The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem
      FastBull Membership Privileges
      Quick Access to 7x24
      Quick Access to More Editor-selected Real-time News
      Real-time Quotes
      View more faster market quotes
      Upgrade to FastBull Pro
      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit
      Invite

      NZD/USD Faces Downward Pressure Amid Trump’s Tariff Threats and US Economic Data

      Warren Takunda

      Economic

      Summary:

      The NZD/USD remains under pressure, trading near 0.5880 in Tuesday's Asian session amid ongoing concerns over US tariffs and global trade.

      Sell

      NZDUSD

      EXP
      EXPIRED

      0.59000

      Entry Price

      0.57400

      TP

      0.59500

      SL

      0.60536 +0.00020 +0.03%

      --

      Point

      EXPIRED

      0.57400

      TP

      0.58442

      CLOSING

      0.59000

      Entry Price

      0.59500

      SL

      The New Zealand Dollar (NZD) continued to struggle during the Asian trading session on Tuesday, with the NZD/USD pair trading near 0.5880 as it grapples with various headwinds. Chief among these is the ongoing uncertainty surrounding global trade relations, exacerbated by US President-elect Donald Trump’s tariff threats, which have cast a shadow over the Kiwi dollar. Investors are also keeping a keen eye on upcoming economic data from the United States, including the JOLTs Job Openings report for October, set for release later today, as well as speeches from Federal Reserve officials Adriana Kugler and Austan Goolsbee.
      The persistent pressure on the NZD/USD can be traced to a broader set of economic concerns. As the trade war between the United States and its global partners continues to intensify, Trump’s threats of additional tariffs have become a central theme in financial markets. On the eve of assuming office, the President-elect proposed a blanket 25% tariff on all imports from Mexico and Canada, coupled with a further 10% duty on goods from China. With China being a significant trading partner for New Zealand, this tariff escalation raises fears of a global trade war that could have far-reaching implications for global growth, particularly in emerging markets and commodity-dependent economies like New Zealand. As a result, the NZD has faced a persistent downturn in recent trading sessions.
      While the external factors weigh heavily on the NZD, US economic data has been mixed, leading to a somewhat cautious outlook for the US dollar. On Monday, the Institute for Supply Management (ISM) released its manufacturing PMI for November, showing a surprising uptick to 48.4 from the previous reading of 46.5. Although this signals that the manufacturing sector in the US is still in contraction territory, the data beat expectations, which had forecasted a more modest increase to 47.5. This slight improvement suggests that the US economy is showing some resilience, even amid global economic slowdowns.
      At the same time, investors are awaiting more comprehensive data on the US labor market, with the highly anticipated Nonfarm Payrolls (NFP) report due on Friday. Market consensus is predicting an addition of 195,000 jobs in November, a figure that will provide further clues on the strength of the labor market and the broader US economic outlook. Strong NFP data could influence the Federal Reserve’s stance on interest rates, potentially giving the US dollar a boost if it supports expectations of further tightening from the central bank.
      Indeed, Federal Reserve officials have signaled that the need to continue lowering interest rates into 2025 remains a priority, but there is no definitive commitment to a rate cut at the upcoming policy meeting later this month. Fed Governor Christopher Waller mentioned on Monday that while he is inclined to vote for a rate reduction when the Fed meets in December, data released before then will be crucial in shaping the final decision. This hawkish tone from the Fed, combined with recent signs of resilience in US manufacturing, suggests that market participants may not see significant changes to US monetary policy in the short term.
      Technical AnalysisNZD/USD Faces Downward Pressure Amid Trump’s Tariff Threats and US Economic Data_1
      From a technical standpoint, the NZD/USD currency pair remains under pressure, with a bearish bias continuing to dominate price action. The pair has been trading below key resistance levels, and there is growing momentum for further declines. As of now, the NZD/USD is testing the 50-period exponential moving average (EMA50), which is positioned as a significant support level near 0.5865. Should the price break below this level, the next support targets lie around 0.5850, with a potential move toward 0.5740 in the medium term.
      A continued bearish trend will be contingent upon the price remaining below 0.5935. If the NZD/USD fails to reclaim this level, the outlook for the pair remains negative, and further declines could be expected. However, should the price breach the 0.5935 resistance, the pair could see a corrective rally toward the 0.6020 region, which would mark a shift in the near-term trend.
      The anticipated trading range for today is between support at 0.5820 and resistance at 0.5910, with the overall trend forecasted to remain bearish unless a reversal occurs above the 0.5935 mark.
      TRADE RECOMMENDATION
      SELL NZDUSD
      ENTRY PRICE: 0.5900
      STOP LOSS: 0.5950
      TAKE PROFIT: 0.5740 
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Real-time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      FastBull
      English
      English
      العربية
      繁體中文
      简体中文
      Bahasa Melayu
      Bahasa Indonesia
      ภาษาไทย
      Tiếng Việt
      Telegram Instagram Twitter facebook linkedin App StoreGoogle Play
      Copyright © 2025 FastBull Ltd
      Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.