Friday, October 16, 2026

Technicals

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NZD/USD - Few fresh clues, firmer USD in background

NZD little net changed at 0.7466/69 within moderate 0.7440/0.7490 range thus far Day of two halves with NZD lower on AUD/NZD buy back then higher as USD fell China PMI underpinned recovery but overall messy as external f…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • NZD little net changed at 0.7466/69 within moderate 0.7440/0.7490 range thus far

  • Day of two halves with NZD lower on AUD/NZD buy back then higher as USD fell

  • China PMI underpinned recovery but overall messy as external factors dominated

  • Focus on GDT outcome ton but pricing skewed by increased Fonterra volume

  • Dearth of local data has NZD adrift for now more so as Easter break looms

  • USD buy-back dominant factor with lower high/low/close for NZD last 5 days 

 

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By FxWirePro Team