Friday, October 16, 2026

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NZD/USD can't hold above 55 DMA, bears hang tough

Source: Thomson Reuters Overnight lift on China cut pierces 55-DMA but NZD/USD unable to hold above Pair now off Feb low & 10-DMA, sub-TrendLine, RSI biased down; bears hang tough Market looks to RBA, if cut or ease bias…

By Jay L. Zagorsky
1 min read
NZD/USD can't hold above 55 DMA, bears hang tough
Image from the original EconoTimes article

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Source: Thomson Reuters


  • Overnight lift on China cut pierces 55-DMA but NZD/USD unable to hold above

  • Pair now off Feb low & 10-DMA, sub-TrendLine, RSI biased down; bears hang tough

  • Market looks to RBA, if cut or ease bias NZD likely to slip further

  • Pair may test key 0.7710/20 zone, break then eyes 0.7285/15 zone

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By FxWirePro Team