Thursday, October 15, 2026

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FxWirePro: NZD/USD trades a narrow range, finds stiff resistance at 0.7150

NZD/USD trades a tight 23 pip range into the European open, holds above the 0.71 handle. The pair finds stiff trendline resistance at 0.7145, further upside can be seen only on breaks above. Daily stochs remain in overbo…

By FxWire Pro
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FxWirePro: NZD/USD trades a narrow range, finds stiff resistance at 0.7150
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  • NZD/USD trades a tight 23 pip range into the European open, holds above the 0.71 handle.
     
  • The pair finds stiff trendline resistance at 0.7145, further upside can be seen only on breaks above.
     
  • Daily stochs remain in overbought territory and RSI strength seen at 67 levels with further scope to run.
     
  • Support on the downside below 0.71 is located at 0.7072 (5-DMA), while immediate resistance is seen at 0.7150 (rising trendline).
     
  • Focus now on Yellen’s testimony, while the Brexit news flow will continue to impact fx action across the board.
     
  • Techs are inconclusive, we prefer to remain on the sidelines for now.
     

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