Thursday, October 15, 2026

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FxWirePro: NZD/USD holds cloud support, targets 50-DMA at 0.6832, good to buy dips

NZD/USD is extending recovery from 2-month lows at 0.6709 hit on 19th May and is attempting to retake the 0.68 handle. The pair has broken above 5&10 DMAs and is on track to test 50-DMA at 0.6832. Intraday momentum is bu…

By FxWire Pro
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FxWirePro: NZD/USD holds cloud support, targets 50-DMA at 0.6832, good to buy dips
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NZD/USD is extending recovery from 2-month lows at 0.6709 hit on 19th May and is attempting to retake the 0.68 handle.

  • The pair has broken above 5&10 DMAs and is on track to test 50-DMA at 0.6832.
     
  • Intraday momentum is bullish, RSI is biased north and stochs have rolled over from oversold levels.
     
  • Cloud offers strong support on the downside, pair has held above cloud base at 0.6756, weakness only on break below.
     
  • Upside finds stiff resistance at 0.6813 (cloud top), 0.6832 (50-DMA) and then 0.6842 (trendline).
    ​

Recommendation: Good to buy dips around 0.6790/0.6795, SL: 0.6755, TP: 0.6830/0.6840

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By FxWirePro Team