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The preliminary readings of the S&P Global Manufacturing and Services PMI for April in the United States will be released in ten minutes.Chart: Performance of major currency pairs on Thursday, April 23, 2026On April 23, Iranian sources reported that, amid diplomatic setbacks and a lack of trust in negotiations, Iran has developed a target list to counter potential military actions by the US and its allies, based on the principles of "reciprocal response" and "offensive deterrence." The list reportedly includes multiple response plans for different scenarios. For example, if Iranian power plants are attacked, missiles and drones will be used to strike power plants in Israel and other US allies in the region; if Iranian oil and gas facilities are attacked, retaliatory strikes will be launched against key oil and gas facilities in Israel and US allies, aiming to reduce global daily oil production by 25 million barrels within a year; and if Iranian military and political leaders are assassinated, information technology and artificial intelligence centers in the relevant countries will be targeted. If Irans territorial sovereignty is violated (such as by occupying islands or ports), it will launch a large-scale joint attack with ballistic missiles, cruise missiles, and drones against the aircraft carriers and attack helicopters of the relevant countries. If the naval blockade against Iran continues or escalates, it will block the Bab el-Mandeb Strait and, if necessary, completely block the Strait of Hormuz by laying large-scale mines, cutting off all oil export pipelines. If the US military launches a ground invasion against Iran using bases in the region, Iran will coordinate a ground war with resistance forces and local armed forces in the countries where the bases are located, and rely on local civilians to capture US soldiers. In addition, Iran may launch surprise attacks on US interests outside the region.UK National Electricity System operator: For the first time, solar power generation in the UK has exceeded 15 gigawatts.US President Trump: Iran is facing great difficulty in determining its leader. They are simply unable to reach a consensus, and an internal struggle is unfolding between "hardliners" and "moderates."

NZD/USD Price Analysis: Protects NZ Inflation-Induced Support Break; 0.6140 in Sight

Daniel Rogers

Apr 20, 2023 13:51

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During the mid-Asian session on Thursday, NZD/USD bears maintain control at the lowest levels in five weeks while defending New Zealand (NZ) losses caused by inflation near 0.6160. This justifies not only the weaker-than-anticipated New Zealand inflation, but also the recent break of one-month-old horizontal support, which is now immediate resistance, as well as the bearish MACD signals.

 

As measured by the Consumer Price Index (CPI), the Reserve Bank of New Zealand (RBNZ) policy purists were unpleasantly surprised by New Zealand's (NZ) first-quarter (Q1) inflation. Despite this, the Quarter-over-Quarter change in the New Zealand Consumer Price Index (CPI) decreases from 1.7% and 1.4%, respectively, to 1.2%.

 

Following the publication of disappointing data, the NZD/USD pair breached a one-month-old horizontal support level, which is now acting as a barrier near 0.6170. The bearish MACD signals are now directing NZD/USD traders toward a horizontal support level that has been in place for 1.5 months and is located near 0.6140.

 

If the NZD/USD bears remain dominant above 0.6140, the 2023 low of 0.6085 cannot be ruled out.

 

The 200-day simple moving average hurdle of 0.6220 becomes crucial for NZD/USD investors to return.

 

If the NZD/USD pair remains above 0.6220, a run up to the previous weekly high around 0.6315 and then to the monthly high of 0.6386 cannot be ruled out.


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