Friday, October 16, 2026

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NZD/USD bears unrelenting, pressure remains

NZD/USD bears unrelenting as pair sets new long-term trend low Aug '10 low & bear channel base neared, bounce seen but it's meager Break of 0.6945/50 opens door to July 2010 low at 0.6795 Above 0.7070 eases some bear pre…

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

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  • NZD/USD bears unrelenting as pair sets new long-term trend low

  • Aug '10 low & bear channel base neared, bounce seen but it's meager

  • Break of 0.6945/50 opens door to July 2010 low at 0.6795

  • Above 0.7070 eases some bear pressure but long-term bears to sell rallies

  • Market sees 54% chance of July RBNZ cut, so pressure on NZD to remain

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By FxWirePro Team