Friday, October 16, 2026

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NZD/USD bulls are elated, 0.7520/35 is critical

NZD/USD rising post-FSR lows, 10-DMA & cloud top pierced Bull engulfing candle forms & daily RSI diverges, bulls are elated 0.7520/35 zone is decent resistance, 55-DMA, May 11 high & 50% Fib of 0.7744-0.7318 drop sit the…

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

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  • NZD/USD rising post-FSR lows, 10-DMA & cloud top pierced

  • Bull engulfing candle forms & daily RSI diverges, bulls are elated

  • 0.7520/35 zone is decent resistance, 55-DMA, May 11 high & 50% Fib of 0.7744-0.7318 drop sit there

  • If cleared likely see 0.7740/50 & 200-DMA tested, long-term chart still a bit bearish though 

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