NZD/USD Dominates Forex Market as Dow Futures Rise Amid Thanksgiving Week
· Forex · QuoteReporter
NZD/USD Dominates Forex Market as Dow Futures Rise Amid Thanksgiving Week
Published: November 24, 2025
Market Overview
The forex market is seeing significant activity with Dow futures rising over 100 points, indicating a potential market rebound into the Thanksgiving week. However, despite this positive signal, there are concerns about a possible ‘everything bubble’ as global stocks have experienced wild swings recently. Investors are divided on the issue, reflecting the uncertainty in the market. Meanwhile, U.S. Treasury Secretary Scott Bessent reassures that the U.S. is not at risk of entering a recession in 2026, suggesting that the country will benefit from current policies.
In other news, Chinese firms are transitioning their focus from infrastructure to consumer goods in Africa, which has led to a 28% rise in exports. In Europe, stocks are expected to begin the week on a high note, buoyed by global market positivity and hopes of a Fed rate cut. Finally, Singapore’s inflation has exceeded estimates, rising to a near 1-year high. This comes after consumer prices rose 1.2%, surpassing the average 0.9% estimated by economists.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.15236 | +0.09% | -0.49% | -0.71% |
| USD/JPY | 156.61600 | +0.17% | +0.73% | +3.16% |
| GBP/USD | 1.31050 | +0.26% | -0.37% | -1.70% |
| USD/CHF | 0.80835 | +0.34% | +1.57% | +0.57% |
| AUD/USD | 0.64656 | +0.42% | -0.40% | -0.72% |
| USD/CAD | 1.40932 | -0.00% | +0.28% | +0.43% |
| NZD/USD | 0.56077 | +0.48% | -0.84% | -1.99% |
Performance Charts
Best Daily Performer
Technical Analysis: 1. The NZD/USD pair currently exhibits a bearish trend, as evidenced by its negative weekly and monthly changes, and its position below the 50-day and 200-day Simple Moving Averages (SMAs).
2. Key technical levels to watch are the support line around the 0.5550 level and the resistance level near the 0.5650 mark. The pair appears to be consolidating within this range.
3. The short-term outlook remains cautious, given the bearish trend, but today’s gain indicates potential for a minor rebound if it can break above the resistance level.
Worst Daily Performer
Technical Analysis: 1. The USD/CAD pair currently exhibits a minor bullish trend, as suggested by its slight weekly and monthly gains, and its position well above the midpoint of the 20-day range.
2. Despite being today’s worst performer, it is still trading above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating strong support.
3. Short-term outlook is cautiously optimistic, provided the pair sustains above these key SMAs, although any significant downward movement could challenge this trend.
Normalized Performance – All Majors (3 Months)
Disclaimer
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