Friday, October 16, 2026

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NZD/USD - Long active but modest resist seen

Broke below cloud but sustains above yesterday's 0.7373 low which keeps longs active Ample resistance in lower 0.7500s to cap gains so caution prevails Target is at 0.7525, above the cloud top at 0.7534 Book profits on a…

By Ian Preston
1 min read
NZD/USD - Long active but modest resist seen
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  • Broke below cloud but sustains above yesterday's 0.7373 low which keeps longs active

  • Ample resistance in lower 0.7500s to cap gains so caution prevails

  • Target is at 0.7525, above the cloud top at 0.7534

  • Book profits on a rejection from the 55 DMA by the figure

 

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By FxWirePro Team