Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: NZD/USD deflates from 0.6840 levels on RBNZ inflation expectations

NZD/USD sold-off following the release of New Zealand’s RBNZ Q2 inflation expectations gauge. Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63% las…

By FxWire Pro
1 min read
FxWirePro: NZD/USD deflates from 0.6840 levels on RBNZ inflation expectations
Image from the original EconoTimes article

Read the original article

  • NZD/USD sold-off following the release of New Zealand’s RBNZ Q2 inflation expectations gauge.
     
  • Kiwi bulls unimpressed by a slightly better RBNZ Q2 2-year inflation expectations reading, coming in at 1.64% versus 1.63% last.
     
  • However, the gauge remained at the second lowest levels since June quarter in 2014 and weighed heavily on the sentiment around the NZD.
     
  • The pair deflates from 0.6840 levels to currently trade around 0.68. Strong trendline support located at 0.6740, weakness only on break below.
     
  • Ongoing rally in the oil prices continues to offer some support to the major. 
     
  • Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-recovers-from-session-lows-at-06746-good-to-buy-breakout-above-06770-208474) has almost hit all targets.
     
  • We advise booking full profits. 0.6847 (double top) is strong resistance. Further gains only on break above.
     
  • Focus on US CPI and industrial production data due later in the NY session, followed by Fonterra’s fortnightly dairy action results for direction in the pair.
     

Related articles

View all
Technicals

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