Thursday, October 15, 2026

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FxWirePro: NZD/JPY breaks 20-DMA support at 74.47, stay short

Kiwi remains heavily offered in the Asian session, as markets remain on the back foot and ignore risky assets amid lingering Brexit concerns. Oil prices fell further into losses amid widespread risk-aversion, further wei…

By FxWire Pro
1 min read
FxWirePro: NZD/JPY breaks 20-DMA support at 74.47, stay short
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  • Kiwi remains heavily offered in the Asian session, as markets remain on the back foot and ignore risky assets amid lingering Brexit concerns.
     
  • Oil prices fell further into losses amid widespread risk-aversion, further weighing on the resourced-linked Kiwi.
     
  • Techs are biased lower. NZD/JPY has broken 20-DMA support at 74.47 and hit new weekly low of 74.35.
     
  • Focus now on US retail sales data ahead of the FOMC 2-day meeting, with the outcome due out on Wednesday. 
     
  • NZ current account data along with GDT price index will be also closed watched for further momentum in the pair.
     
  • We stick to our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-finds-major-support-at-7447-break-below-to-see-test-of-74-levels-stay-short-220745).
     
  • We recommend holding short position for targets 0.74/ 0.7375/ 0.7340
     

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