Friday, October 16, 2026

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NZD/USD sees bearish risk

Pair broke back inside the cloud suggesting bearish bias (0.7534 was the top) Further weakness seen towards cloud's base at 0.7468 Doji reversal seen on daily charts from March 24 Support located at 0.7512 ahead of fibo …

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair broke back inside the cloud suggesting bearish bias (0.7534 was the top)

  • Further weakness seen towards cloud's base at 0.7468

  • Doji reversal seen on daily charts from March 24

  • Support located at 0.7512 ahead of fibo support at 0.7504

  • 0.7504 = 38.2% of the 0.7191 - 0.7698 climb

 

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By FxWirePro Team