Thursday, October 15, 2026

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FxWirePro: NZD/USD hovers around new one-year high of 0.7188, bias higher

Broad based USD weakness and rising oil prices support NZD/USD higher. The pair hovers around new one-year high set yesterday at 0.7188 levels. Momentum studies are bullish, pair trades above major moving averages and RS…

By FxWire Pro
1 min read
FxWirePro: NZD/USD hovers around new one-year high of 0.7188, bias higher
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  • Broad based USD weakness and rising oil prices support NZD/USD higher. 
     
  • The pair hovers around new one-year high set yesterday at 0.7188 levels.
     
  • Momentum studies are bullish, pair trades above major moving averages and RSI strength seen above 70 levels.
     
  • Pair now finds immediate support and resistance at 0.7125 (5-DMA) and 0.72.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-retreats-from-new-yearly-high-at-07169-bias-higher-224956) is progressing. 
     
  • Caution is advised, volatility to remain elevated till poll results tomorrow. We recommend holding for targets. Trade with tight stops.
     

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By FxWirePro Team