Thursday, October 15, 2026

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FxWirePro: NZD/USD holds strong trendline support, good to go long on dips

Persistent risk-on trades and recovery in oil prices fuel appetite for risk/higher-yielding assets such as the Kiwi. NZD/USD reversed a temporary slide seen yesterday and resumed the ongoing bullish streak. On the 2-hour…

By FxWire Pro
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FxWirePro: NZD/USD holds strong trendline support, good to go long on dips
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  • Persistent risk-on trades and recovery in oil prices fuel appetite for risk/higher-yielding assets such as the Kiwi.
     
  • NZD/USD reversed a temporary slide seen yesterday and resumed the ongoing bullish streak.
     
  • On the 2-hourly charts the pair has taken strong trendline support and edged higher.
     
  • Technical indicators support upside in the pair. We see a bullish 5-MA crossover on 10-MA. Stochs and RSI are biased higher.
     
  • Supports on the downside are seen at 0.7241 (2H 5-MA), 0.7225 (rising trendline). Strong resistance is seen at 0.73.
     
  • We recommend going long on dips around 0.7250, SL: 0.7220, TP: 0.73
     
  • Any breakout above 0.73 can see further upside. We had advised a long earlier (http://www.econotimes.com/FxWirePro-NZD-USD-consolidates-near-multi-month-highs-upside-bias-intact-233865). 
     
  • Fed speaks followed by RBNZ Assistant Governor’s speech along with Chinese trade and GDP numbers due later this week will influence the pair. 
     

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