NZD Weakness Spreads Across Major Currencies

The US dollar's performance has been unpredictable following last week's inflation figures. The Euro/US Dollar and Pound/US Dollar pairs have broken out of their uptrends, but the market remains uncertain.

However, one pair that has made a clear move is the New Zealand dollar against the US dollar. A structure break in this pair indicates a downtrend, with the NZD/USD falling to support levels. This weakness is also evident in other pairs such as EUR/NZD and GBP/NZD.

The analyst sees potential for further movement in these pairs, particularly in the H4 chart of NZD/USD. With resistance at 0.65 and a Smart River dynamic resistance level nearby, there may be opportunities to buy or sell depending on market conditions.