FxAnalysis

NZD/USD struggled to hold above 0.5950, with RBNZ rate cuts and global trade risks pointing toward 0.5850 support unless buyers reclaim 0.60.

The British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.

Bitcoin remains stuck near $113,000 resistance, with traders weighing Fed rate cut risks against the potential for a grind higher toward $120,000.

AUD/USD slipped back from resistance at 0.6630, with traders cautious on Australia’s reliance on China and renewed U.S. dollar resilience.

The price is rising from a new support level established at $1.3519, which is likely to be today’s pivotal zone down to the round number at $1.3500.

AUD/USD is consolidating near 0.6585, with technicals favoring a push toward 0.6700 as traders await US inflation data and the Fed’s next move.