Thursday, October 15, 2026

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FxWirePro: NZD/USD hovers around 0.73 handle, focus on Fed, RBNZ

NZ GDT price index data unimpressive, fails to support the kiwi. NZD/USD pares losses, edges higher from session lows at 0.7278, hovers around 0.73 handle. Higher oil prices and a broadly weaker US dollar lending support…

By FxWirePro Team
1 min read
FxWirePro: NZD/USD hovers around 0.73 handle, focus on Fed, RBNZ
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  • NZ GDT price index data unimpressive, fails to support the kiwi. 
     
  • NZD/USD pares losses, edges higher from session lows at 0.7278, hovers around 0.73 handle.
     
  • Higher oil prices and a broadly weaker US dollar lending support yo the pair.
     
  • Major trendline support lies at 0.7265, weakness seen only on break below.
     
  • Focus now on Fed and RBNZ policy meets for further direction.
     
  • Markets have priced in OCR on hold at 2.0%, with a signal of a rate cut in November. 
     
  • Any watering down of this explicit easing signal could likely cause a sharp rise in the NZD.
     
  • Techs do not provide a clear directional bias, decisive breakout above 20-DMA could see bullishness.
     

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By FxWirePro Team