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AUD/NZD was seen around the upper end of its daily range on Friday.The pair maintains a bullish outlook supported by short-term trend signals.Technicals show mixed bias across indicators, with resistance seen above and long-term averages still pressuring.AUD/NZD is displaying upward momentum ahead on Friday’s session, trading near the top of its daily range and not far from the 1.0800 zone. The pair has gained on the day, extending its bullish push while short-term indicators strengthen this outlook. A buy signal from the MACD and support from short-term moving averages help confirm the bias, although some indicators like the RSI and Stochastic remain neutral. Traders should be mindful that longer-term SMAs continue to show downside risk.AUD/NZD maintains a bullish tone as price action presses higher. The Moving Average Convergence Divergence (MACD) has turned positive, suggesting momentum is shifting in favor of buyers. Meanwhile, the 10-day Exponential Moving Average and the 10-day Simple Moving Average have both turned supportive, aligning below current prices. The 20-day SMA also leans bullish, helping sustain short-term upside momentum.However, the Relative Strength Index (RSI) hovers near the neutral 50 mark, while the Bull Bear Power and Stochastic Oscillator also offer limited directional bias. This mixed signal set may keep some traders cautious. Notably, the 100-day and 200-day SMAs remain positioned above current price levels, signaling that broader trends have yet to confirm the recent strength.Immediate resistance lies at 1.0874, followed by stronger zones at 1.0908 and 1.0936. On the downside, initial support is found at 1.0842, with subsequent levels at 1.0833 and 1.0830. A break above resistance would signal continuation of the bullish trend, but failure to clear those zones may invite short-term pullbacks.
Daily chart

The pair trades near 145.00, correcting from recent highs amid renewed Dollar softness.NFP beats expectations at 177K, but weak ISM and GDP data revive Fed rate cut bets.Bearish bias persists; key resistance at 145.52 and support at 144.42 with neutral RSI and MACD.USD/JPY pulls back toward the 145.00 area on Friday after extending gains earlier in the week. The pair loses momentum in tandem with the US Dollar, which fell below 99.50 following a firm rejection at the 100.00 level. This decline comes as markets digest mixed macro data and renewed trade headlines, including China’s signal to open tariff talks and Japan’s call for US tariff reconsideration.April's Nonfarm Payrolls rose by 177,000, above the consensus of 130,000, yet March’s figure was revised sharply lower. The Unemployment Rate remained at 4.2%, and wage growth held steady at 3.8% year-on-year. Despite the strong headline, soft jobless claims and ISM manufacturing data, combined with a Q1 GDP contraction of -0.3%, have reinforced expectations for a potential Fed rate cut in June. The swaps market is now pricing in four cuts through year-end.In Japan, Finance Minister Kato said UST holdings could be leveraged in US trade talks, signaling a firmer stance against tariffs. Labor market data were mixed, with unemployment ticking up to 2.5%, and job-to-applicant ratio slightly improved. Despite a relatively tight labor environment, wage growth is decelerating, and the Bank of Japan is expected to maintain its ultra-loose policy through 2025.Technical AnalysisTechnically, USD/JPY trades mid-range between 143.72 and 145.92, maintaining a bearish bias. The 30-day EMA at 145.02 and the 30-day SMA at 145.52 both flash sell signals. The RSI at 50.73 and MACD are neutral to slightly bullish, while the Stochastic %K near 81.82 signals caution. Near-term support is seen at 144.51, 144.42, and 144.16. Resistance levels are aligned at 145.02, 145.52, and 145.54. Long-term moving averages—100-day at 150.94 and 200-day at 149.78—continue pointing to a downtrend, with only the 20-day SMA at 143.60 suggesting limited near-term buying interest.Daily Chart

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}USD/MXN flats near 19.58 as soft Mexican manufacturing and Banxico’s dovish tilt weigh against strong US jobs data.Mexico’s dismal data suggests the economic slowdown might continue as PMI hits three-year low, business confidence deteriorates.Banxico is seen cutting rates in May, widening policy gap with Fed and pressuring Peso outlook.The Mexican Peso (MXN) remained firm against the US Dollar (USD), though it is poised to finish the week with losses of over 0.40% after economic data revealed in Mexico painted a gloomy economic outlook, despite the fact that the economy surprisingly grew in the first quarter of 2025. Also, solid US jobs data tempering recession fears kept USD/MXN near the 19.58 mark virtually unchanged.Mexico’s economic docket revealed that business confidence deteriorated for the third consecutive month in April. At the same time, S&P Global revealed that manufacturing activity for the same period plummeted to its lowest level in three years, contracting for the fourth consecutive month according to the Manufacturing PMI index.Across the northern border, positive trade news between the US and China capped the USD/MXN pair gains as the Greenback posted some losses. On the data front, April’s Nonfarm Payrolls exceeded estimates and trailed the previous reading. Alongside this, the Unemployment Rate stands pat, highlighting the US labor market's robustness.The Federal Reserve (Fed) is expected to hold rates unchanged at next week's meeting. On the contrary, Banco de Mexico (Banxico) has signaled its intentions to continue easing monetary policy at its May meeting to support the economy, even though inflation hasn’t quite reached the 3% goal. Therefore, the divergence between both central banks could pressure the Peso and boost the US Dollar prospects.Daily digest market movers: Mexican Peso unfazed by bad dataMexico’s Business Confidence in April came at 48.5, down from 49.7 revealed by the Instituto Nacional de Estadistca Geografia e Informatica (INEGI). This and S&P Global Manufacturing PMI contraction for the same period, dipping from 46.5 to 44.8, hints that the economic outlook in the future looks worse than expected.Although the latest Gross Domestic Product (GDP) figures surprised the markets, showing that the economy grew, tariffs imposed on Mexican products, along with the reduction of the budget, would keep the country’s financial sector stressed.US Nonfarm Payrolls (NFP) rose by 177K in April, beating expectations of 130K, though slightly below the downwardly revised 185K from March. The stronger-than-expected print contrasted with the weaker ADP employment report earlier in the week, which suggested slower hiring momentum.The Unemployment Rate held steady at 4.2%, in line with forecasts. The stable labor data may give the Federal Reserve reason to hold off on policy easing in the near term.USD/MXN technical outlook: Mexican Peso remains bullish as USD/MXN stays below 200-day SMAUSD/MXN downtrend remains in place, though recent price action suggests a potential bottoming around the 19.46–19.50 range. The Relative Strength Index (RSI) flatlines near the 30 level, signaling seller exhaustion.A drop below the YTD low at 19.46 would expose the 19.00 psychological level, and further weakness could lead to a test of the June 28 high-turned-support at 18.59.On the flip side, moving above the 20-day SMA at 19.88 and the 200-day SMA near 19.97 would shift momentum in favor of buyers, opening the door to reclaim the 20.00 mark, followed by the 50-day SMA at 20.12. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity. How do decisions of the Banxico impact the Mexican Peso? The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint in a tolerance band of between 2% and 4%). To this end, the bank sets an appropriate level of interest rates. When inflation is too high, Banxico will attempt to tame it by raising interest rates, making it more expensive for households and businesses to borrow money, thus cooling demand and the overall economy. Higher interest rates are generally positive for the Mexican Peso (MXN) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken MXN. How does economic data influence the value of the Mexican Peso? Macroeconomic data releases are key to assess the state of the economy and can have an impact on the Mexican Peso (MXN) valuation. A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only does it attract more foreign investment but it may encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this strength comes together with elevated inflation. However, if economic data is weak, MXN is likely to depreciate. How does broader risk sentiment impact the Mexican Peso? As an emerging-market currency, the Mexican Peso (MXN) tends to strive during risk-on periods, or when investors perceive that broader market risks are low and thus are eager to engage with investments that carry a higher risk. Conversely, MXN tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

EUR/JPY trades near the 164.00 zone after a modest pullback ahead of the Asian session.Overall bias stays bullish, with trend indicators aligned to the upside.Support levels hold below while short-term indicators remain neutral.The EUR/JPY pair edged slightly lower on Friday but continues to trade near the 164.00 zone as the market transitions into the Asian session. While price action eased from recent highs, the pair remains comfortably within the mid-range of the day’s movement. The pullback hasn’t altered the broader bullish outlook, which is supported by rising trend-based indicators across multiple timeframes.Technically, EUR/JPY maintains its bullish stance. The Moving Average Convergence Divergence remains in buy mode, confirming ongoing upside momentum despite today’s dip. The Relative Strength Index hovers near 61, signaling neutral momentum with a slight bullish tilt. Both the Stochastic %K and Average Directional Index are also neutral, indicating no clear short-term exhaustion or emerging trend strength.The bullish case is clearly backed by the trend indicators. The 10-day Exponential and Simple Moving Averages are rising beneath current price action, providing immediate support. Reinforcing the longer-term outlook, the 20-day, 100-day, and 200-day Simple Moving Averages are all positioned below and trending upward, suggesting underlying strength remains intact.Support is found at 163.35, followed by 162.79 and 162.63. Resistance is now expected around the recent highs, with any break above likely extending the bullish leg further into the coming sessions.Daily Chart