NZD/USD Top Mover Amidst Rising Political Tensions in U.S. Forex Market
· Forex · QuoteReporter
NZD/USD Top Mover Amidst Rising Political Tensions in U.S. Forex Market
Published: November 19, 2025
Market Overview
The forex market has been influenced by a variety of factors recently. In the US, political tensions continue to rise as President Trump clashes with the media and the legislative branch, while also facing criticism for his handling of the Khashoggi killing and relations with Saudi Arabia. Despite these tensions, Trump has been buoyed by the Saudi Crown Prince’s commitment to invest $600 billion in the US. The impact of these events on the US dollar will be closely watched.
Meanwhile, in Europe, the reliance on China for supplies of rare earth elements has put the region under pressure, potentially impacting the strength of the euro. The European stock market also continues to face a sell-off as investors anxiously await Nvidia’s earnings report. In the UK, inflation has cooled to 3.6% in October, increasing the chances of a Christmas rate cut and potentially affecting the value of the pound. The FTSE 100, however, has been outperforming most of Wall Street’s major averages this year, which could provide some stability.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.15761 | -0.03% | -0.48% | +0.11% |
| USD/JPY | 155.61900 | +0.09% | +0.69% | +1.68% |
| GBP/USD | 1.31323 | -0.09% | -0.43% | -1.27% |
| USD/CHF | 0.79978 | +0.05% | +0.92% | -0.79% |
| AUD/USD | 0.64802 | -0.41% | -0.73% | -1.13% |
| USD/CAD | 1.40029 | +0.11% | -0.23% | -0.11% |
| NZD/USD | 0.56293 | -0.47% | -0.42% | -1.97% |
Performance Charts
Best Daily Performer
Technical Analysis: 1. The USD/CAD pair is currently exhibiting a minor uptrend, as evidenced by the slight daily increase, despite negative weekly and monthly changes.
2. Significant support and resistance levels are seen around 1.39500 and 1.40500 respectively. The pair is trading below the 200-day SMA, indicating a bearish sentiment.
3. In the short term, if the pair can maintain its current momentum and break the 1.40500 resistance, it may test higher levels. However, failure to do so may see it sliding back to the support level.
Worst Daily Performer
Technical Analysis: 1. The NZD/USD pair is currently in a bearish trend, judging by the negative daily, weekly, and monthly changes, and its low position in the 20-day range.
2. Key technical levels for the pair are indicated by its 50-day and 200-day SMAs, which also suggest a downward trend, while support/resistance trendlines are likely to be tested.
3. Given the prevailing bearish sentiment, the NZD/USD outlook remains weak in the short term, unless it can break back above these key moving averages.
Normalized Performance – All Majors (3 Months)
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