đš NZD/USD Pops as USD Weakens | Fed Independence Shock
NZD/USD rebounds to 0.5745, snapping a 4-day losing streak in early Asia đ
đ„ Whatâs driving the move?
đșđž USD under pressure
Reports of a criminal investigation involving Fed Chair Powell
Powell warns this is an unprecedented threat to Fed independence
Markets see political pressure on the Fed as USD-negative
đłđż Kiwi supported by RBNZ
RBNZ signals rates on hold for an extended period
OCR expected to stay at 2.25% until mid-2027
Stable yield outlook boosts NZD demand
đ Levels to watch
Support: 0.5700
Resistance: 0.5760 â 0.5780
⥠Any escalation in Fed credibility risks could fuel further USD selling, benefiting NZD and other risk currencies.
đ Whatâs next?
Break above resistance = upside continuation
USD rebound = pullback risk