Thursday, October 15, 2026

Technicals

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FxWirePro: NZD/USD edges lower from session high at 0.7475, momentum bullish

NZD/USD hit fresh highs at 0.7489 last seen since May 2015 on Wednesday's trade. The major remained capped below 0.7475 in the Asian session today. A slightly upbeat Chinese trade report supports the kiwi. Broad-based US…

By FxWirePro Team
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FxWirePro: NZD/USD edges lower from session high at 0.7475, momentum bullish
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  • NZD/USD hit fresh highs at 0.7489 last seen since May 2015 on Wednesday's trade.
     
  • The major remained capped below 0.7475 in the Asian session today. 
     
  • A slightly upbeat Chinese trade report supports the kiwi. Broad-based USD weakness combined with higher commodities’ prices also underpins.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-hits-fresh-16-month-high-momentum-bullish-274317) has hit TP1. Recommend holding for targets.
     
  • We see weakness only below 0.74 levels. Break below will then find next major support by 20-DMA at 0.7289.
     
  • Momentum studies are bullish. But caution advised as RSI and Stochs are in highly overbought territory.
     
  • US employment data due later in the NA session, while Friday’s China inflation report will be also closely eyed for next direction.
     

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By FxWirePro Team