NZDUSD briefly fell to lowest levels since May 2020 during today's session, as hawkish FED and new covid lockdowns in China weighed on risk-sensitive currencies. At the same time RBNZ Gov. Orr recently stated that the New Zealand economy is unlikely to experience a technical recession following release of the second quarter GDP figures, which may herald a more dovish approach. Pair may experience higher volatility after the release of the NFP report at 1:30 pm BST. From a technical point of view, the pair is testing a major support zone around 0.6065, which is marked with previous price reactions and lower limit of the 1:1 structure. In case the aforementioned support zone is broken, downward move may deepen towards the lower limit of the descending channel.
NZDUSD, D1 interval. Source: xStation5
NY Fed Survey: higher inflation expectations, but also higher equity price expectations 📄🔎
BREAKING: PPI in Eurozone higher than expected, unemployment falls
Morning Wrap (08.01.2026)
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide