Friday, October 16, 2026

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NZD/USD pierced 23.6 Fib of 0.7744-0.7025, bears nervous pre-RBNZ

NZD/USD bounce off 2015 low persists & 23.6 Fib of 0.7744-0.7025 pierced Bears on edge into RBNZ, chance of cut 46%, was higher last week Recent bounce likely extends if no cut & no dovish rhetoric from c.bank 0.7300/20,…

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

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  • NZD/USD bounce off 2015 low persists & 23.6 Fib of 0.7744-0.7025 pierced

  • Bears on edge into RBNZ, chance of cut 46%, was higher last week

  • Recent bounce likely extends if no cut & no dovish rhetoric from c.bank

  • 0.7300/20, 0.7385/00 & 0.7565/80 might then be targeted

  • Day RSI biased up & monthly diverged on new low, shorts covering

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