Wednesday, November 11, 2026

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FxWirePro: NZD/USD rejected at 0.6428, good to sell rallies

New Zealand dollar received a lift after the Chinese surveys, edged higher to hit multi week highs at 0.6428 Gains were however capped at highs, the pair has slipped lower to currently trade at 0.6408, close the 0.64 han…

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

  • New Zealand dollar received a lift after the Chinese surveys, edged higher to hit multi week highs at 0.6428

  • Gains were however capped at highs, the pair has slipped lower to currently trade at 0.6408, close the 0.64 handle

  • Stochs on 4 hourly charts are now at oversold and are showing a bearish crossover, RSI is also biased lower

  • Long-term outlook is negative with economists expecting the Reserve Bank of New Zealand to cut rates again to stimulate a sluggish economy

  • The pair has remained remarkably stable in the past month, having traded in a narrow range of 0.6244 to 0.6455

  • On the day, the pair sees immediate resistance at 0.6428 (session highs) ahead of major resistance at 0.6455 (channel top)

  • Support on the downside are located at 0.6385 (day's low), break below could see the pair at 0.6340 levels

Recommendation: Good to sell rallies around 0.6410, SL: 0.6440, TP: 0.6365 

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By FxWirePro Team