Thursday, October 15, 2026

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FxWirePro: Solid rise in dairy prices boosts NZD, NZD/USD pops to 7-week highs

The New Zealand dollar rose to hit seven-week highs on Wednesday boosted by a solid rise in dairy price GlobalDairyTrade Price Index rose 9.9% at the latest Fonterra auction, climbing of the fourth event in a row The kiw…

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

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  • The New Zealand dollar rose to hit seven-week highs on Wednesday boosted by a solid rise in dairy price

  • GlobalDairyTrade Price Index rose 9.9% at the latest Fonterra auction, climbing of the fourth event in a row

  • The kiwi had already gained nearly 1 percent on Tuesday and last stood at 0.6543, momentum is bullish and 0.6685 (Aug 28 highs) could be in sight

  • Price action has edged above the cloud, daily Stochs and RSI are at overbought could see some unwinding

  • Long term trend is bearish, but breaks above 100 DMA at 0.6663 could tilt momentum in favour of bulls for a short term

  • The pair is currently trading at 0.6589, with immediate resistance at 0.6640 (Aug 13 highs) and support at 0.6562 (Could base)
Resistance Levels:

R1: 0.6640 (Aug 13 highs)

R2: 0.6645 (Aug 20 highs)

R3: 0.6663 (100 DMA)

Support Levels:

S1: 0.6562 (Could base)

S2: 0.6534 (day's low)

S3: 0.6494 (55EMA)

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By FxWirePro Team