Fusion Markets review: Broker highlights AUD, NZD and JPY as top long-term value plays

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Fusion Markets maps 2026 FX value

Undervalued candidates: AUD, NZD and JPY

On weekly charts, AUD/USD has repeatedly held a structural floor in the 0.62–0.64 region for more than a decade, despite softer Australian data, uneven Chinese growth and volatile commodities. Each dip into that zone has attracted buyers, leading Fusion Markets to classify the Aussie as “cheap rather than weak.”

NZD/USD shows a similar pattern. Since 2023, the pair has formed higher lows while respecting a long-standing support band, even as the Reserve Bank of New Zealand has turned more cautious. Price action resembles a “compression coil,” with demand emerging on every retreat toward the base of its range—another hallmark, the broker says, of an undervalued currency.

The yen stands out most clearly. USD/JPY remains near levels last seen in the early 1990s, at the top of a multi-decade range driven by wide yield differentials and the Bank of Japan’s slow policy normalisation. But on the monthly chart, momentum has stalled and new highs are increasingly difficult to sustain, suggesting that the risk-reward balance is shifting in favour of a stronger yen over the medium term.

“Rich” currencies: USD and CHF at the strong end of their ranges

By contrast, the U.S. dollar index has surrendered much of its 2022 rally and now trades around the middle of its broader range, with the 107–110 area acting as a ceiling for nearly two years. Fusion Markets describes the USD as “stretched but not extreme”—neither clearly cheap nor expensive, but no longer at bargain levels.

The Swiss franc appears firmer. Pairs such as EUR/CHF repeatedly stall in the 0.94–0.95 zone, leaving CHF at the strong side of its historical structure after a year of persistent safe-haven demand. That behaviour, the broker suggests, places the franc among the “richer” majors going into 2026.

Fusion Markets’ take on the 2026 FX opportunity set

Putting the map together, Fusion Markets sees AUD, NZD and JPY as the most interesting long-term value plays, while USD and CHF look comparatively expensive. The euro and pound sit in neutral territory, waiting on clearer macro catalysts.

The broker, known for its low-cost multi-asset offering and focus on tight spreads, frames the analysis as a practical tool for traders who rely on technical structure rather than complex valuation models. For 2026, it argues, the most compelling trades may emerge in currencies that have quietly held major support for years, poised to benefit when global conditions finally shift.

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