Thursday, October 15, 2026

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FxWirePro: EUR/NZD holds trendline support at 1.6285, weakness only on breaks below

EUR/NZD is holding above strong trendline support at 1.6285, we see weakness only on break below. The pair is seeing a solid bounce today after 4 consecutive day's of losses, but upside finds strong resistance around 1.6…

By FxWire Pro
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FxWirePro: EUR/NZD holds trendline support at 1.6285, weakness only on breaks below
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  • EUR/NZD is holding above strong trendline support at 1.6285, we see weakness only on break below.
     
  • The pair is seeing a solid bounce today after 4 consecutive day's of losses, but upside finds strong resistance around 1.6510 - 1.6525 levels.
     
  • Break above will take the pair to 200-DMA resistance at 1.6707, further upside only on breaks above.
     
  • On the downside, the pair finds strong support at 1.6285, breaks below will see weakness upto 1.6120 and then 1.5870 levels.
     
  • Kiwi weak on the day after RBNZ confirmed the allegations of leak of March 10th interest rate decision ahead of the official release.
     
  • Due later in the European session is the release of Eurozone inflation data which could impact further direction in the pair.
     

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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