The US dollar is continuing its run to the downside. Th slide in yields continue to support the dollar selling. The 10 year yield is now down -5.1 basis points at 4.474%.

The weakest mover is the NZDUSD with the greenback falling -0.86%. The dollars moving down -0.74% vs the AUD.

The dollar vs the other currencies are showing declines of:

  • EUR -0.40%
  • GBP -0.44%
  • JPY -0.34%
  • CHF -0.53%
  • CAD -0.23%

The NZDUSD is gaining momentum, breaking above the January high of 0.57226 and reaching its highest level since December 18. While this move signals short-term bullish strength, the pair is still trading near its lowest levels in over two years, with the broader trend remaining bearish since September 2022.

The break above the 2025 high opens the door for further upside, even if this rally is just a correction within a longer-term downtrend. If buying pressure continues, the next key resistance comes at the 38.2% retracement of the September decline at 0.5844, which closely aligns with the 100-day moving average.

Closer targets come in at 0.57535, and 0.57964 ahead of the 100 day and 38.2% retracement targets.

A push toward this level is possible if momentum holds, making it a key technical zone to watch.

NZDUSD
Source: Forex Live