Thursday, October 15, 2026

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FxWirePro: NZD/USD capped below 0.73 handle, rejected at major trendline resistance

NZD/USD retracing from three-week highs hit yesterday, in response to RBNZ Governor Wheeler’s hawkish comments. Data released earlier today showed New Zealand trade balance data showed that the deficit expanded more than…

By FxWirePro Team
1 min read
FxWirePro: NZD/USD capped below 0.73 handle, rejected at major trendline resistance
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  • NZD/USD retracing from three-week highs hit yesterday, in response to RBNZ Governor Wheeler’s hawkish comments. 
     
  • Data released earlier today showed New Zealand trade balance data showed that the deficit expanded more than expected.
     
  • Weakness in the oil prices also collaborated to downbeat sentiment around the resource-linked NZD.
     
  • The pair remains capped below the 0.73 handle, trades with a neutral bias.
     
  • Strong support is seen by 10-DMA at 0.7216, break below will see test of 20-DMA at 0.72 levels.
     
  • On the flipside, the pair finds major resistance by trendline at 0.7350, break above needed for upside. 
     

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By FxWirePro Team