The dollar rise continues vs the AUD and the NZD. What are the charts telling traders now?
Both the NZDUSD and AUDUSD continue to extend lower, pressured by a more hawkish Federal Reserve and rising U.S. yields.
The NZDUSD is on a six-day losing streak, falling from 0.5833 to a low of 0.5630 today. The AUDUSD has declined in five of the last six sessions, with the lone exception being a modest 1-pip gain. Over that period, the pair has fallen from 0.7079 to a low of 0.6883 today.
For the NZDUSD, today’s decline pushed the pair below the 2026 low from early April at 0.5677, giving sellers the green light to press the downside further. The next targets come in at the November 2025 swing lows of 0.56057 and 0.55755. On any corrective bounce, close risk for sellers is now defined by a move back above 0.5677 and then the swing high at 0.5698.
For the AUDUSD, the pair broke below its channel trendline yesterday and retested that trendline during early Asia-Pacific trading. Sellers leaned against the underside of the broken trendline and used it as a springboard for another leg lower. The pair has since extended to 0.6885.
The next downside targets are:
- April 6 low: 0.6875
- April 2 swing low: 0.6859
- Rising 200-day moving average: 0.68547
- Late-March swing low: 0.68328
The 0.6859–0.6855 area is a key battleground for both buyers and sellers if downside momentum continues.
For now, close risk for AUDUSD sellers is defined by the underside of the broken channel trendline, which currently comes in near 0.6920. As long as the price remains below that level, the sellers remain firmly in control.
This article was written by Greg Michalowski at investinglive.com.