Friday, October 16, 2026

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NZD/USD struggles to strengthen

NZD struggling to strengthen after initial sub at 0.7570 Heightened risk aversion offshore stoked by developments in the Gulf Potential for safe-haven flows into USD now working to prevent NZD bounce Daily close seen sub…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • NZD struggling to strengthen after initial sub at 0.7570

  • Heightened risk aversion offshore stoked by developments in the Gulf

  • Potential for safe-haven flows into USD now working to prevent NZD bounce

  • Daily close seen sub-0.7630 100-DMA

  • Major support seen at 0.7534 50% retrace of 0.7890/0.7177

  • 0.7534 50% retrace of 0.7890/0.7177 Jan/Feb decline next sup, 100-DMA as resistance

 

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