Thursday, October 15, 2026

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FxWirePro: NZD/USD takes out 0.70, 'Potential Bearish Cypher', scope for test of 200-DMA at 0.7077

NZD/USD breaks above 20-DMA, hits 3-week highs at 0.7020, bias higher. Potential 'Bearish Cypher' pattern seen on daily charts. Scope for test of 200-DMA at 0.7077. Bullish invalidation on close below 20-DMA at 0.6978. S…

By FxWirePro Team
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FxWirePro: NZD/USD takes out 0.70, 'Potential Bearish Cypher', scope for test of 200-DMA at 0.7077
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  • NZD/USD breaks above 20-DMA, hits 3-week highs at 0.7020, bias higher.
     
  • Potential 'Bearish Cypher' pattern seen on daily charts.
     
  • Scope for test of 200-DMA at 0.7077. Bullish invalidation on close below 20-DMA at 0.6978.
     
  • Support levels - 0.70, 0.6978 (20-DMA), 0.6949 (5-DMA)
     
  • Resistance levels - 0.7077 (200-DMA), 0.7102 (38.2% Fib), 0.7145 (trendline), 0.7160 (100-DMA)
    ​

Recommendation: Good to go long on dips around 0.6980/0.70, SL: 0.6940, TP: 0.7075/ 0.71/ 0.7145
 

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By FxWirePro Team