Friday, October 16, 2026

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NZD/USD shorts tightened after RBNZ on hold

0.7408 = six-day high for NZD/USD after more shorts covered Short-covering encouraged by neutral tone from RBNZ NZD/USD retreated to 0.7191 into 2000GMT RBNZ statement 0.7191 was Wednesday's 5week low (0.7611 = Mar 4 hig…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 0.7408 = six-day high for NZD/USD after more shorts covered

  • Short-covering encouraged by neutral tone from RBNZ

  • NZD/USD retreated to 0.7191 into 2000GMT RBNZ statement

  • 0.7191 was Wednesday's 5week low (0.7611 = Mar 4 high)

  • 0.7422 (Feb 24 low) & 0.7454 (Mar 5 low) resistance beyond 0.7408 

 

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