Thursday, October 15, 2026

Technicals

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FxWirePro: AUD/NZD trades firm into European open, edges above 1.07

AUD/NZD firming up into European open as Kiwi remains in the red, paid no heed to the Chinese release Mood takes turn for the better after Chinese GDP release, Aussie gained the most from the sudden turnaround in risk-se…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • AUD/NZD firming up into European open as Kiwi remains in the red, paid no heed to the Chinese release

  • Mood takes turn for the better after Chinese GDP release, Aussie gained the most from the sudden turnaround in risk-sentiment 

  • Traders now assess the downbeat industrial production and fixed asset investment data from China, thereby capping further upside in the Aussie

  • AUD/NZD is looking to secure foothold above 1.07, currently trading at 1.0698, day's range 1.0656/1.0706

  • Breach of 1.07 finds resistance at 1.0707 which is 50% fibo retracement of 2015 rally and then 5-DMA at 1.0731 sits just ahead of 1.0737 Friday top

  • The pair is trading in a highly oversold zone, charts show likelihood of correction higher, RSI biased higher

  • Strong support on the downside is seen at 1.066 (weekly cloud base), bullish invalidation only below 1.065 

Recommendation: Good to go long AUD/NZD around 0.70, SL: 1.065, TP: 0.0745 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team