Thursday, October 15, 2026

Technicals

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NZD/USD choppy with a modest bid tone after Tuesday 1.1% sell-off entices profit taking

Pair opened Wednesday 0.7224 and traded 0.7218-57; last 0.7255 EUR and JPY weakness undermined commodities/commodity ccy's Tuesday USD strength has looked overdone since Monday but sellers in short supply Fonterra board …

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

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  • Pair opened Wednesday 0.7224 and traded 0.7218-57; last 0.7255

  • EUR and JPY weakness undermined commodities/commodity ccy's Tuesday

  • USD strength has looked overdone since Monday but sellers in short supply

  • Fonterra board meeting in focus - includes 2015/16 opening milk price

  • Disappointment (below -5.25) will push NZD/USD towards 0.7160-80 

 

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By FxWirePro Team