Friday, October 16, 2026

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NZD/USD pierces Sep '10 low, long-term bear trend intact

NZD/USD long-term bear trend intact, diverging CB views to weigh despite short-term bounce Pair pierces Sep '10 low, Aug '10 low (0.6947) next bear hurdle Stops likely below, once run July & May '10 lows then targeted Of…

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

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  • NZD/USD long-term bear trend intact, diverging CB views to weigh despite short-term bounce

  • Pair pierces Sep '10 low, Aug '10 low (0.6947) next bear hurdle

  • Stops likely below, once run July & May '10 lows then targeted

  • Offers 0.7070/00, market looks to fade rallies as new bear channel forms

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By FxWirePro Team