Thursday, October 15, 2026

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FxWirePro: Kiwi subdued on increased odds of RBNZ rate cut, AUD/NZD hit new 5-week high

AUD/NZD has broken consolidation phase and is testing 61.8% Fib at 1.0550. Increased odds of RBNZ rate cut keep the kiwi subdued, AUD/NZD hits new 5-week highs at 1.0555. Bullish bias intact, scope for test of 200-DMA at…

By FxWirePro Team
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FxWirePro: Kiwi subdued on increased odds of RBNZ rate cut, AUD/NZD hit new 5-week high
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  • AUD/NZD has broken consolidation phase and is testing 61.8% Fib at 1.0550.  
     
  • Increased odds of RBNZ rate cut keep the kiwi subdued, AUD/NZD hits new 5-week highs at 1.0555.
     
  • Bullish bias intact, scope for test of 200-DMA at 1.0714 on decisive breach above 1.0550 level.
     
  • Technical indicators support upside, RSI strong at 66 levels, Stochs are biased higher, a bullish 10-DMA crossover on 20-DMA seen. 
     
  • The pair has broken 100-DMA resistance currently at 1.0522,upside gains traction above 1.0550.
     
  • Major support levels - 1.0522 (100-DMA), 1.05 (5-DMA), 1.0490 (50% Fib), 1.0480 (50-DMA)
     
  • Major resistance levels - 1.0542 (cloud base), 1.0550 (61.8% Fib), 1.06, 1.0632 (June 3 high)
     
  • We had advised a long in our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-consolidates-break-above-major-trendline-resistance-bias-higher-319244).
     
  • We recommend holding for targets.
     

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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