NZD/USD rebounds from long-term support amid Trump tariff volatility.
The 4-hour chart of NZD/USD also shows strong volatility as the pair attempts to break $0.5870. A break above this level has opened the door for higher prices.
The pair rebounds from the major long-term support region between $0.55 and $0.56, suggesting that NZD/USD will likely remain upward. The breakout above $0.5870 indicates that AUD/USD may follow NZD/USD’s bullish momentum due to their strong correlation.
