FxAnalysis

The New Zealand dollar failed at key resistance near 0.58 on Tuesday, forming a bearish topping pattern as the US dollar strengthens broadly across FX markets.

The EUR/JPY pair continues its bullish run as the yen weakens further amid dovish BoJ policy, with traders targeting 188 on carry trade strength.

The US dollar has continued to firm against the Canadian dollar as the loonie stays under pressure from widening yield spreads, weaker jobs data, and risk‑off sentiment, with USD/CAD holding around the 1.38–1.39 area.

The AUD/CHF pair is setting up for a bullish breakout above 0.5433 as rising rate expectations and risk appetite pressure the Swiss franc lower.

EUR/USD remains under pressure, keeping its correction from December highs past the 1.1800 barrier unchanged, always on the back of the intense recovery in the US Dollar (USD). So far, the pair’s upside remains capped by the 1.1700 level.

Broad US Dollar (USD) weakness kept Gold afloat on Tuesday, with the XAU/USD pair trading above $4,600.