Friday, October 16, 2026

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NZD/USD eye 2015 low, break there eyes 2011 low

NZD/USD bears in charge & eye 2015 low, test looks likely for now Fonterra forecast for farmgate milk price season ending May '16 expected later A weak forecast likely hits NZD as chance of RBNZ cut might then be upped B…

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

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  • NZD/USD bears in charge & eye 2015 low, test looks likely for now

  • Fonterra forecast for farmgate milk price season ending May '16 expected later

  • A weak forecast likely hits NZD as chance of RBNZ cut might then be upped

  • Break of 2015 low puts 2011 low in play, break there eyes 2010 low

  • Long upper wick on today's candle & bearish RSIs bolster idea of test

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By FxWirePro Team