Thursday, October 15, 2026

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FxWirePro: NZD/USD recovers from session lows on Fonterra's new measures to support NZ dairy industry

New Zealand's dairy giant Fonterra announced a payout forecast cut and also new measures to support NZ dairy industry Kiwi swiftly recovered from a dip to session lows following the news, trades modestly flat at 0.6554 a…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • New Zealand's dairy giant Fonterra announced a payout forecast cut and also new measures to support NZ dairy industry

  • Kiwi swiftly recovered from a dip to session lows following the news, trades modestly flat at 0.6554 after falls to session lows by 0.6528

  • Upside however remains capped on the back of a broadly higher US dollar ahead of the key NFP data due later in the US session

  • NZD/USD is currently trading at 0.6557, next resistance is located at 0.6566 levels and above which it could extend gains 0.6608 (21-Day MA)

  • To the downside immediate support might be located at 0.6509 (Daily Low Aug 6) and then at 0.6490 (2015 Low Aug 5)

Resistance Levels:

R1: 0.6566 (Daily High Aug 5)

R2: 0.6589 (10-Day MA)

R3: 0.6608 (21-Day MA)

Support Levels:

S1: 0.6509 (Daily Low Aug 6)

S2: 0.6490 (2015 Low Aug 5)

S3: 0.6470 (Daily Low Jul 30 2009)

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By FxWirePro Team