Rallies in tandem with risk on US tariffs implementation on China. Will the rebound last? Markets could turn risk-averse ahead of China retaliation, US NFP. The NZD/USD pair brought an end to its choppy trading and bounced after the US unleashed the first round of tariffs on the Chinese goods earlier today. The tariffs action by the US on China came as a little shock to the world markets, as it was long priced-in and hence, the risk sentiment improved, driving the higher-yielding NZD higher in tandem. The Asian equities took the US tariffs in stride, with the Nikkei 225 index rallying +1.30% while China indices also jumped +1% to +1.80%. However, it remains to be seen if the spot can sustain the bounce above the 0.68 level, as markets still remain jittery, in anticipation of China’s retaliation, which may trigger a risk-off mode in the session ahead. Also, a stronger US jobs report could offer some impetus to the USD bulls, capping the upside in the Kiwi. NZD/USD Technical Levels According to Ross Burland, Analyst at FXStreet, “0.6680 is the key support while 0.6850 is the first key upside target on a continuation of the reversal through the 200-hr SMA at 0.6785 where the price is holding above. Only a break above 0.6850 would alleviate the downside pressures and eyes remains towards 0.6675. On the wide, while below the key 200-month moving average resistance at 0.7007 longer term technicals remain bearish.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Heading to the top of the near term channel – Commerzbank FX Street 4 years Rallies in tandem with risk on US tariffs implementation on China. Will the rebound last? Markets could turn risk-averse ahead of China retaliation, US NFP. The NZD/USD pair brought an end to its choppy trading and bounced after the US unleashed the first round of tariffs on the Chinese goods earlier today. The tariffs action by the US on China came as a little shock to the world markets, as it was long priced-in and hence, the risk sentiment improved, driving the higher-yielding NZD higher in tandem. The Asian equities took the US tariffs in stride, with… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.