Thursday, October 15, 2026

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FxWirePro: NZD/USD holds above 20-DMA support, awaits RBA for next trigger

Bid tone around the Kiwi strengthening after upbeat New Zealand inflation expectations data. Latest data released by the RBNZ on Tuesday revealed a minor increase in the inflation expectations. NZD/USD is attempting a br…

By FxWire Pro
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FxWirePro: NZD/USD holds above 20-DMA support, awaits RBA for next trigger
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  • Bid tone around the Kiwi strengthening after upbeat New Zealand inflation expectations data.
     
  • Latest data released by the RBNZ on Tuesday revealed a minor increase in the inflation expectations. 
     
  • NZD/USD is attempting a break above 0.7182 (61.8% of 0.7325-0.6951 fall). 
     
  • Break above finds next major resistance at 0.7214 (trendline) and then 0.7245 (78.6% Fib).
     
  • Support on the downside is seen at  0.7138 (50% Fib), 0.7136 (20-DMA) and then 0.7119 (22 June low).
     
  • Later in the day, Fonterra GlobalDairyTrade (GDT) price auction could influence price action in the pair. 
     
  • A drop in milk prices would increase RBNZ easing bets weighing negatively for the pair.
     

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By FxWirePro Team