Friday, October 16, 2026

Technicals

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NZD/USD range trade likely into RBNZ

NZD/USD likely to consolidate into RBNZ due to lack of bear follow through today No major US data to drive USD side of equation so consolidation due 10-DMA capped recently, may repeat, above 0.72 eases short-term bear pr…

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

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  • NZD/USD likely to consolidate into RBNZ due to lack of bear follow through today

  • No major US data to drive USD side of equation so consolidation due

  • 10-DMA capped recently, may repeat, above 0.72 eases short-term bear pressure

  • RSIs need to unwind oversold & market gives less than 50% chance of RBNZ cut

  • If RBNZ cuts bears will charge and May 2010 low then targeted

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