ETH is leaning on the critical support at 1.966$ at the 1.992$ level; a breakdown points to 1.826$, while holding indicates the 2.013$ resistance. BTC's downtrend is creating additional pressure on...
Crypto’s next leg may be stronger than skeptics think as structural growth, institutional adoption, and regulatory tailwinds reshape the market cycle, Bitwise CIO Matt Hougan says, arguing today’s foundation looks nothing like past downturns. ‘Optimistic’ Matt Hougan Says Crypto Collapse Fears Miss $200T Institutional Tokenization Trend Bitwise Asset Management Chief Investment Officer Matt Hougan shared
Two more ETF issuers have filed prospectuses for six US election prediction market ETFs, allowing investors to gain exposure to election outcomes.
BitcoinWorld AUD/USD Forecast: Critical 0.7100 Level Breached as Traders Brace for Pivotal FOMC Minutes SYDNEY, February 18, 2025 – The AUD/USD currency pair continues to trade with a distinct negative bias, firmly entrenched below the psychologically significant 0.7100 handle. This persistent weakness arrives as global forex markets enter a state of heightened anticipation for the release of the Federal Open Market Committee (FOMC) January meeting minutes. Consequently, traders are scrutinizing every technical breakdown and fundamental data point for clues about the next directional move. The Australian dollar’s struggle reflects a complex interplay of domestic economic headwinds and shifting expectations for US monetary policy, creating a high-stakes environment for currency speculators and institutional investors alike. AUD/USD Forecast: Technical Breakdown Below 0.7100 The breach of the 0.7100 support level represents a critical technical development for the AUD/USD pair. Market analysts widely regarded this zone as a foundational pillar for bullish sentiment throughout late 2024. Furthermore, the failure to reclaim this level signals a potential shift in market structure. Daily chart analysis reveals the pair is now testing the next layer of support near the 0.7050 region, a level last seen in November 2024. The 50-day and 200-day simple moving averages have formed a bearish crossover, a pattern technical traders often interpret as a confirmation of a downtrend. Meanwhile, the Relative Strength Index (RSI) hovers near 35, indicating oversold conditions but not yet triggering a strong buy signal. This technical configuration suggests that while the bearish momentum is dominant, a short-term corrective bounce could materialize, especially if the FOMC minutes deliver a less hawkish tone than feared. Key Technical Levels to Watch Understanding the immediate technical landscape is crucial for risk management. The following table outlines the critical support and resistance zones based on recent price action and historical data. Level Type Significance 0.7180 Resistance Previous support turned resistance; 50-day SMA convergence 0.7100 Resistance Psychological level and former key support 0.7050 Support November 2024 low; potential bounce zone 0.6980 Support Major swing low from Q3 2024 Fundamental Drivers: Australian Economic Context The Australian dollar’s underperformance is not occurring in a vacuum. Several domestic factors are contributing to the selling pressure. Recent economic data from Australia has presented a mixed picture, complicating the Reserve Bank of Australia’s (RBA) policy path. Retail sales figures for December 2024 came in softer than expected, indicating consumer caution amid higher interest rates. Additionally, the latest labor market report showed a slight uptick in the unemployment rate, though it remains at historically low levels. Crucially, China’s economic trajectory remains a paramount concern for Australian export forecasts. As Australia’s largest trading partner, any slowdown in Chinese demand for key commodities like iron ore and coal directly impacts the nation’s trade balance and, by extension, currency valuation. Market participants are now questioning whether the RBA has concluded its tightening cycle, a perception that removes a key pillar of support for the Aussie dollar relative to its US counterpart. The Paramount Focus: FOMC Minutes and US Dollar Strength All eyes are now fixed on the imminent release of the FOMC Minutes from the January 2025 policy meeting. This document is expected to provide granular details behind the Federal Reserve’s decision to maintain interest rates and its updated economic projections. Specifically, forex traders will dissect the minutes for insights on several key themes: Inflation Assessment: The committee’s view on the persistence of core services inflation excluding housing. Balance Sheet Policy: Any discussion on the timing or pace of quantitative tightening (QT). Forward Guidance: Clarity on the conditions needed for the first rate cut. Risk Management: Perceptions of risks to the economic outlook, including financial stability. A hawkish tilt in the minutes, emphasizing lingering inflation concerns and a patient stance on rate cuts, would likely bolster the US dollar further, pressuring AUD/USD toward the 0.6980 support. Conversely, evidence of growing debate about the economic costs of restrictive policy could trigger a USD pullback and offer the battered Aussie dollar a reprieve. The US Dollar Index (DXY) has recently rallied to multi-month highs, reflecting broad-based strength fueled by resilient US economic data and a recalibration of global rate cut expectations. Expert Analysis on the Policy Divergence Financial institutions are closely monitoring the policy divergence between the RBA and the Fed. According to analysis from major bank research desks, the interest rate differential between US and Australian government bonds has narrowed in recent months. This narrowing reduces the yield advantage that previously attracted capital flows into Australian assets. “The market is pricing a more aggressive easing cycle from the Fed in 2025 than from the RBA, but the timing is everything,” noted a senior currency strategist at a global investment bank. “If the FOMC minutes signal a delay in the first US cut until the second half of the year, while the RBA is seen on hold, the yield support for AUD/USD could erode further. The immediate path depends on whether the Fed’s narrative validates the current market pricing or pushes against it.” This expert perspective underscores the high-stakes nature of the upcoming release. Market Sentiment and Positioning Data Commitments of Traders (COT) reports from the Commodity Futures Trading Commission (CFTC) reveal that speculative net short positions on the Australian dollar have increased for three consecutive weeks. This buildup in bearish bets raises the risk of a short squeeze—a rapid price increase fueled by traders closing out their negative positions—if the market encounters unexpected positive news. However, the overall sentiment remains cautious. Risk appetite globally has been tempered by geopolitical tensions and recalibrated growth forecasts, conditions that traditionally benefit safe-haven currencies like the US dollar over commodity-linked currencies like the Australian dollar. The correlation between AUD/USD and broader equity market performance has reasserted itself, meaning any sustained sell-off in global stocks would likely exacerbate pressure on the pair. Conclusion The AUD/USD forecast remains tilted to the downside as long as the pair trades below the pivotal 0.7100 resistance level. The convergence of technical breakdowns and fundamental headwinds for the Australian economy has created a challenging environment for the currency. However, the immediate trajectory hinges almost entirely on the nuances contained within the upcoming FOMC Minutes. A confirmation of a patient, data-dependent Fed could extend the US dollar’s rally and challenge the 0.6980 support in AUD/USD. Alternatively, any dovish surprises may catalyze a technical correction back toward 0.7100. Traders should prepare for elevated volatility and manage risk accordingly, as the minutes will provide the next major catalyst for directional movement in this key forex pair. FAQs Q1: Why is the 0.7100 level so important for AUD/USD? The 0.7100 level is a major psychological and technical benchmark. It acted as strong support throughout late 2024, and its breach signals a potential shift from a ranging market to a bearish trend, triggering algorithmic selling and shifting trader sentiment. Q2: What exactly are the FOMC Minutes, and why do they move markets? The FOMC Minutes are a detailed record of the discussions held during the Federal Reserve’s most recent policy meeting. They move markets because they offer deeper insight into the reasoning behind decisions, the diversity of opinions among officials, and clues about future policy moves, beyond the official statement. Q3: How does China’s economy affect the Australian dollar (AUD)? China is Australia’s largest export destination. Strong Chinese demand for Australian commodities (iron ore, coal, LNG) boosts Australia’s trade surplus and economic growth, supporting the AUD. Weakness in China’s economy has the opposite effect, weighing on the currency. Q4: What is the current interest rate differential between the US and Australia? As of February 2025, the US Federal Funds target rate and the Australian Cash Rate are at comparable levels, having converged after a global tightening cycle. The focus is now on the expected timing and pace of future rate cuts from each central bank, which drives the forward-looking differential. Q5: What would it take for AUD/USD to reverse its current downtrend? A sustained reversal would likely require a combination of: 1) a significantly dovish shift in Fed rhetoric prompting broad USD weakness, 2) a surge in key Australian export commodity prices, and 3) a series of strong domestic economic reports that revive expectations for RBA hawkishness. This post AUD/USD Forecast: Critical 0.7100 Level Breached as Traders Brace for Pivotal FOMC Minutes first appeared on BitcoinWorld .
Nvidia has signed a multiyear, multigenerational partnership with Meta that covers on-premises systems, cloud deployments, and full AI infrastructure. The deal locks in shipments of Nvidia Blackwell and Rubin GPUs, along with Nvidia Grace CPUs and future Vera CPUs. The agreement spans training systems, inference systems, and networking across Meta’s global data centers. Meta said it will build hyperscale data centers designed for both training and inference as part of its long-term AI roadmap. The plan includes deploying millions of Nvidia Blackwell and Rubin GPUs. It also includes large-scale rollout of Nvidia CPUs. On the networking side, Meta will integrate Nvidia Spectrum-X Ethernet switches into its Facebook Open Switching System platform. Meta expands AI clusters with Blackwell and Rubin Jensen Huang, founder and CEO of Nvidia, said , “No one deploys AI at Meta’s scale — integrating frontier research with industrial-scale infrastructure to power the world’s largest personalization and recommendation systems for billions of users.” Jensen also said, “Through deep codesign across CPUs, GPUs, networking and software, we are bringing the full NVIDIA platform to Meta’s researchers and engineers as they build the foundation for the next AI frontier.” Mark Zuckerberg, founder and CEO of Meta, said, “We’re excited to expand our partnership with NVIDIA to build leading-edge clusters using their Vera Rubin platform to deliver personal superintelligence to everyone in the world.” Meta will deploy industry-leading GB300-based systems as part of this rollout. The company plans to build one unified architecture that connects its on-premises data centers with Nvidia Cloud Partner deployments. The goal is to keep operations simple while scaling performance across regions. Meta has adopted the Nvidia Spectrum-X Ethernet networking platform across its infrastructure footprint. The networking system is designed for AI-scale traffic. It is built to deliver predictable, low-latency performance while maximizing hardware use and improving power efficiency. Meta rolls out Grace and Vera CPUs while Nvidia exits Arm Meta and Nvidia are continuing their work on Arm-based Grace CPUs inside Meta’s production data centers. The Grace chips are designed to improve performance per watt. This collaboration represents the first large-scale Grace-only deployment. The companies invested in codesign and software optimization across CPU ecosystem libraries to improve efficiency with each generation. The two companies are also working on deploying Vera CPUs. Large-scale deployment could begin in 2027. Vera is expected to extend Meta’s energy-efficient AI compute footprint and support the broader Arm software ecosystem. Separately, Nvidia has sold the remainder of its stake in Arm, unloading 1.1 million shares valued at about $140 million based on Arm’s closing price Tuesday. The sale took place in the fourth quarter of last year and reduces Nvidia’s stake in Arm to zero. The sale ends a long chapter. In 2020, Nvidia agreed to buy Arm for $40 billion. The deal faced opposition from regulators and industry players soon after it was announced. Arm’s chip technology supports most advanced semiconductors worldwide, and its independence was viewed as critical. In February 2022, both sides terminated the agreement. Arm, majority-owned by SoftBank, later moved forward with plans to sell shares to the public. SoftBank dumped its entire Nvidia stake in October. The sale was quiet but huge. It unloaded about $5.8 billion worth of shares. The goal was simple. Free up cash and double down on OpenAI. Clean break. No leftovers. Since that disclosure, Nvidia has slipped around 7%. Now it heads into its February 26 earnings report with analysts still projecting revenue growth of 67%. Masayoshi Son does not hedge. He goes all in. Then he goes all in again on something else. Each new bet usually requires selling the last one. He thinks in bold swings, not small trims. And the numbers he deals with rarely look normal. They look unreal. This is the second time he has fully exited Nvidia. The first time was in 2019. That exit turned into one of those stories people bring up when they talk about regret. SoftBank had bought a 4.9% stake in the chipmaker in 2017 for roughly $4 billion. The position later generated about $3 billion in profit. Then crypto mining collapsed. Nvidia shares fell about 50%. SoftBank sold. At the time, it looked rational. If you're reading this, you’re already ahead. Stay there with our newsletter .
Coin Center called for protecting crypto developers by defending the BRCA bill. The demand, coinciding with the Tornado Cash and Samourai Wallet cases, is affecting the BTC downtrend (67K$). Suppor...
BitcoinWorld Bithumb XION Suspension: Strategic Pause for Crucial Mainnet Evolution SEOUL, South Korea – February 17, 2025 – Bithumb, one of South Korea’s premier cryptocurrency exchanges, announced a significant operational adjustment today. The platform will temporarily suspend all deposit and withdrawal services for the Xion (XION) token. This strategic pause begins precisely at 9:00 a.m. UTC on February 18, 2025. Consequently, the suspension directly supports the Xion network’s scheduled mainnet upgrade. This move highlights the evolving infrastructure demands within the blockchain sector. Moreover, it underscores how major exchanges now proactively coordinate with underlying protocols. Understanding the Bithumb XION Suspension Announcement Bithumb’s official communication provided clear, technical details about the upcoming service halt. The exchange will suspend XION deposits and withdrawals starting at the specified time. Importantly, trading of XION against other pairs will remain operational during this period. This distinction is crucial for traders and investors to understand. The suspension specifically facilitates the network’s mainnet upgrade , a core protocol enhancement. Such upgrades often require network validators to run new software versions. Therefore, exchanges must pause external transactions to ensure wallet compatibility and security. Historically, exchanges implement these temporary suspensions as a standard security protocol. For instance, similar actions occurred during Ethereum’s Merge and various Bitcoin taproot upgrades. Bithumb’s announcement follows this established industry best practice. The exchange has not provided an exact end time for the suspension. However, they typically resume services once network stability is confirmed post-upgrade. This process usually takes several hours but can extend based on technical complexities. The Technical Imperative Behind Mainnet Upgrades Mainnet upgrades represent fundamental evolution points for blockchain networks. They introduce new features, enhance security, and improve scalability. The Xion network’s upgrade likely focuses on several key areas. These areas often include transaction throughput, smart contract capabilities, or consensus mechanism adjustments. Exchanges like Bithumb must update their internal node software to interact with the upgraded chain. Performing this update while the network is live risks transaction failures or fund loss. A temporary suspension creates a controlled environment for this critical transition. First, the exchange’s development team synchronizes their nodes with the new protocol rules. Next, they conduct thorough testing on a segregated environment. Finally, they re-enable services after confirming seamless integration. This meticulous process protects user assets above all else. The 2025 cryptocurrency landscape demands this level of operational diligence from all major platforms. Expert Analysis on Exchange and Protocol Coordination Industry analysts view such coordinated suspensions as a sign of market maturity. “The seamless coordination between exchanges like Bithumb and protocol teams is non-negotiable in 2025,” states Dr. Lena Cho, a blockchain infrastructure researcher at the Seoul Digital Asset Institute. “These planned maintenance windows prevent the chaotic scenarios we witnessed in earlier market cycles. They reflect a professionalization of asset custody and network governance.” Dr. Cho’s research indicates that over 94% of major protocol upgrades in 2024 involved pre-announced exchange suspensions. This statistic shows a clear industry standard has emerged. Furthermore, the specific timing of Bithumb’s announcement allows global users to plan accordingly. Users in the Asia-Pacific region received notice during business hours on February 17. European and American users also gained ample advance warning. This transparency builds trust and reduces potential support ticket volume. Bithumb has a documented history of similar actions for other assets like Polygon (MATIC) and Cosmos (ATOM). Their consistent communication strategy during these events has maintained user confidence. Immediate Impacts and User Guidance The temporary suspension creates several immediate, practical effects for Bithumb users. Users cannot deposit new XION tokens from external wallets into their Bithumb accounts during the window. Similarly, users cannot withdraw XION from Bithumb to self-custody wallets or other exchanges. However, as noted, spot trading of XION within the Bithumb platform will continue uninterrupted. Users can still buy, sell, or hold XION using their existing exchange balance. Bithumb strongly advises users to complete any necessary transfers before the 9:00 a.m. UTC deadline. The exchange also recommends users monitor their official blog and status page for real-time updates. Importantly, users should be wary of phishing attempts that often accompany such announcements. Official communications will only come from Bithumb’s verified website and social media channels. Users do not need to take any action regarding their stored XION holdings on the exchange. The assets remain secure in Bithumb’s custody wallets throughout the process. Action Status During Suspension User Recommendation XION Deposits Suspended Complete before Feb 18, 9:00 a.m. UTC XION Withdrawals Suspended Plan withdrawals for after service resumption XION/KRW Trading Operational Trade as normal with existing balance Account Security Unaffected Enable 2FA and monitor official channels The Broader Context of Xion Network Development Xion is a blockchain platform designed to enable seamless consumer adoption of Web3. Its architecture focuses on abstracting away blockchain complexities for end-users. The 2025 mainnet upgrade likely aims to enhance this core value proposition. Potential upgrade features could include: Improved transaction finality times for a smoother user experience. Enhanced modular infrastructure for developer tooling. Greater cross-chain interoperability with other major networks. Upgraded security protocols to safeguard user assets. Network upgrades are vital for long-term competitiveness in the fast-paced layer-1 blockchain space. Projects that fail to iterate rapidly often lose developer mindshare and user activity. The fact that a major exchange like Bithumb is supporting this upgrade signals continued institutional confidence in the Xion ecosystem. This coordination is a positive indicator for the network’s health and roadmap execution. Historical Precedents and Market Reactions Market data from similar events shows a generally neutral to positive price impact post-upgrade. For example, when Binance suspended Solana (SOL) deposits for a network upgrade in Q3 2024, SOL’s price remained stable. It then experienced a 5% increase in the following week upon successful completion. The market typically interprets these planned technical events as necessary maintenance, not negative news. However, volatility can occur if the upgrade encounters unexpected delays or issues. Bithumb’s proactive management of this process aims to minimize any market disruption. The exchange’s reputation for technical reliability in the Korean market is a significant asset. South Korea represents one of the most active and sophisticated retail cryptocurrency markets globally. Therefore, Bithumb’s handling of this XION suspension will be closely watched by the international community. It serves as a case study in operational excellence for 2025. Conclusion Bithumb’s decision to temporarily suspend XION deposits and withdrawals is a standard, security-focused procedure. It enables the smooth execution of the Xion network’s mainnet upgrade. This coordinated action between exchange and protocol developers reflects the mature practices now defining the 2025 digital asset industry. Users should plan their transactions around the announced window but can trade normally otherwise. The upgrade itself represents a positive step in Xion’s technological evolution. Ultimately, such maintenance periods, while briefly inconvenient, are essential for building the robust, scalable blockchain infrastructure required for mass adoption. The Bithumb XION suspension is a temporary pause for long-term progress. FAQs Q1: Can I still trade XION on Bithumb during the suspension? A1: Yes, spot trading of XION against Korean Won (KRW) and other pairs on Bithumb will remain fully operational. The suspension only affects depositing XION into or withdrawing XION out of the Bithumb platform. Q2: How long will the XION deposit and withdrawal suspension last? A2: Bithumb has not announced a specific end time. The duration typically depends on the complexity of the mainnet upgrade and subsequent testing. Similar past suspensions have lasted between 2 to 12 hours. Users should monitor Bithumb’s official status page for the resumption announcement. Q3: Is my XION stored on Bithumb safe during this time? A3: Yes, all user assets remain secure in Bithumb’s custody systems. The suspension is a preventive measure to ensure technical compatibility during the network transition. It does not indicate any security issue with the funds themselves. Q4: Will other exchanges also suspend XION services? A4: It is common, but not guaranteed, for other exchanges listing XION to announce similar suspensions to support the mainnet upgrade. Each exchange makes its own operational decision. Users should check announcements from their specific trading platforms. Q5: What should I do if I have a time-sensitive XION transfer? A5: Complete any essential deposits or withdrawals before the suspension begins at 9:00 a.m. UTC on February 18, 2025. If that is impossible, you must wait until Bithumb confirms services have resumed. Consider using a different, non-suspended exchange for the transaction if absolutely urgent. This post Bithumb XION Suspension: Strategic Pause for Crucial Mainnet Evolution first appeared on BitcoinWorld .
BitcoinWorld AUD/NZD Soars Above 1.1750 as RBNZ Holds Firm, Critical Australian Jobs Data Looms SYDNEY, Australia – The AUD/NZD currency pair has surged decisively above the 1.1750 psychological threshold, marking a significant shift in the Trans-Tasman forex dynamic. This movement follows the Reserve Bank of New Zealand’s (RBNZ) latest monetary policy decision to maintain its Official Cash Rate (OCR) at 5.50%. Consequently, market participants now pivot their attention toward the imminent Australian employment report, a dataset with substantial potential to dictate near-term directional bias for the Australasian currencies. AUD/NZD Technical Breakout and Market Context The breach of 1.1750 represents a critical technical achievement for the Australian dollar against its New Zealand counterpart. Market analysts frequently monitor this level as a barometer for medium-term sentiment between the two economies. Historically, sustained movement above this handle often precedes extended trends, making the current close a focal point for chartists. Furthermore, the pair’s 50-day and 200-day moving averages have recently exhibited a bullish convergence, adding technical credence to the upward momentum. Several intermarket factors currently support the AUD’s relative strength. Firstly, commodity price resilience, particularly in iron ore and liquefied natural gas (LNG), provides a fundamental tailwind for the export-oriented Australian economy. Secondly, shifting interest rate differential expectations have begun to favor the AUD. While the RBNZ has signaled a prolonged pause, money markets are cautiously pricing in a potential late-2025 easing cycle from the Reserve Bank of Australia (RBA), albeit with significant data dependency. RBNZ Rate Decision: A Detailed Analysis The Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) unanimously voted to hold the OCR steady at 5.50% for the seventh consecutive meeting. The accompanying statement and subsequent press conference by Governor Adrian Orr struck a cautiously hawkish tone, emphasizing that the fight against inflation is not yet complete. The central bank’s revised projections now indicate a slightly later timeline for any potential rate cuts, pushing expectations into mid-2026 according to their most recent track. Key takeaways from the RBNZ announcement include: Inflation Focus: The Committee reiterated its commitment to returning annual Consumer Price Index (CPI) inflation to the 1-3% target band. Recent quarterly data showed a slower-than-expected decline in core inflation measures. Growth Outlook: The bank acknowledged subdued economic activity, with GDP growth forecasts for 2025 revised marginally downward. However, they noted this was a necessary condition for restoring price stability. Currency Commentary: Officials expressed that the current level of the New Zealand dollar (NZD), often called the Kiwi, is providing some welcome restraint on imported inflation. This ‘higher for longer’ stance, while largely anticipated, removed any residual speculation of a near-term dovish pivot. The resulting sell-off in the NZD was most pronounced against currencies where central bank policy divergence is widening, notably the AUD. Expert Perspective on Central Bank Divergence “The RBNZ’s steadfast posture creates a clear policy divergence narrative,” notes Dr. Eleanor Vance, Chief Economist at Pacific Basin Monetary Research. “While both the RBA and RBNZ are on hold, the subtle shifts in their forward guidance and economic projections are what forex markets are trading on. The RBNZ’s extended timeline for potential easing, contrasted with a more data-contingent RBA, is providing the fundamental fuel for this AUD/NZD rally. The upcoming Australian labor force data is the next major piece of this puzzle.” Anticipating the Australian Employment Report All eyes now turn to the Australian Bureau of Statistics’ (ABS) monthly Labour Force report. Consensus forecasts, compiled from major financial institutions, anticipate the following key metrics: Metric Forecast Previous Employment Change +25,000 +39,700 Unemployment Rate 4.0% 4.1% Participation Rate 66.8% 66.8% A stronger-than-expected report, particularly one showing robust job creation and a steady or falling unemployment rate, would likely bolster expectations that the RBA can maintain its restrictive policy stance. This scenario could propel the AUD/NZD pair toward the next resistance zone around 1.1850. Conversely, a weak report suggesting labor market softening could trigger a sharp retracement as markets would price in increased odds of earlier RBA rate cuts. The report’s details will be scrutinized. Full-time versus part-time employment growth, shifts in hours worked, and changes in underemployment will provide a nuanced view of labor market health beyond the headline numbers. The RBA has explicitly stated that the evolution of the labor market is a critical input into its policy deliberations, making this release a high-impact event for all AUD crosses. Broader Market Implications and Risk Sentiment The AUD/NZD pair does not operate in a vacuum. Its trajectory is also influenced by broader global risk sentiment. As a pro-cyclical currency pair often correlated with commodity prices and Asian equity markets, external factors remain relevant. Recent stability in Chinese economic data has provided a supportive backdrop for the Australian dollar, given China’s status as Australia’s largest trading partner. Any significant deterioration in the global growth outlook or a spike in risk aversion could see both currencies weaken, though the relative impact would determine the pair’s path. Furthermore, flows related to the carry trade are a perennial factor. The interest rate differential, while narrowed, still offers a positive carry for holding AUD over NZD. This dynamic can attract medium-term institutional positioning, adding sustained demand for the pair during periods of market calm. Conclusion The AUD/NZD ascent above 1.1750 is a direct consequence of crystallizing central bank policy divergence, with the RBNZ cementing a more rigid ‘higher for longer’ stance. This technical breakout sets the stage for a potential test of higher resistance levels, contingent upon incoming data. The immediate catalyst is the Australian employment report, which will refine market expectations for RBA policy and thus the interest rate differential driving the AUD/NZD pair. Traders and investors should prepare for elevated volatility around this data release, as it will provide the next fundamental validation—or rejection—of the pair’s current bullish momentum. FAQs Q1: Why did the AUD/NZD rise after the RBNZ decision? The RBNZ held rates and signaled rates would stay high for an extended period, which was expected. However, its slightly more hawkish tone and pushed-out timeline for cuts reduced expectations for NZD strength relative to the AUD, where policy expectations are more balanced, leading to AUD buying/NZD selling. Q2: What is the significance of the 1.1750 level for AUD/NZD? 1.1750 is a major psychological and technical resistance level that has acted as a pivot point multiple times in recent years. A sustained break above it is often viewed by technical traders as confirming a bullish trend change, potentially triggering further algorithmic and momentum-based buying. Q3: How does the Australian employment report affect the Australian dollar? A strong report (high job growth, low unemployment) suggests a resilient economy, allowing the RBA to keep interest rates higher for longer to combat inflation. This attracts foreign investment into AUD-denominated assets, boosting demand for the currency. A weak report has the opposite effect. Q4: What are the main drivers of the New Zealand dollar (NZD/Kiwi)? The NZD is primarily driven by dairy and commodity export prices, global risk sentiment, interest rate differentials (set by the RBNZ), and economic data from key trading partners like China and Australia. Q5: Could the AUD/NZD trend reverse quickly? Yes. Forex markets are highly sensitive to new data. A very weak Australian jobs report or unexpectedly hawkish shift from the RBNZ in the future could swiftly reverse the momentum. The pair remains susceptible to shifts in global risk appetite and commodity price swings. This post AUD/NZD Soars Above 1.1750 as RBNZ Holds Firm, Critical Australian Jobs Data Looms first appeared on BitcoinWorld .
Ethereum price found support near $1,920 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,020. Ethereum is attempting a fresh recovery wave above $1,965. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Holds Support Ethereum price failed to stay above $2,020 and started a fresh decline, like Bitcoin . ETH price traded below the $1,965 and $1,950 levels to enter a bearish zone. Finally, the bulls appeared near $1,925. A low was formed at $1,928, and the price started a recovery wave. There was a move above the $1,965 resistance. The price even tested the 50% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $1,955 on the hourly chart of ETH/USD. If the bulls remain in action above $1,955, the price could attempt another increase . Immediate resistance is seen near the $2,015 level. The first key resistance is near the $2,035 level or the 61.8% Fib retracement level of the downward move from the $2,100 swing high to the $1,928 low. The next major resistance is near the $2,060 level. A clear move above the $2,060 resistance might send the price toward the $2,100 resistance. An upside break above the $2,100 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,185 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,015 resistance, it could start a fresh decline. Initial support on the downside is near the $1,965 level. The first major support sits near the $1,955 zone or the trend line. A clear move below the $1,955 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,880 region. The main support could be $1,825. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,920 Major Resistance Level – $2,015
Bitcoin's short-term downtrend continues; if the $66,597 support breaks, the risk of $60,000 increases. Volatility is high, protect capital with stop-loss and the 1% risk rule.