Thursday, October 15, 2026

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NZD/USD threatens key tech support

NZD/USD sets new marginal trend low overnight, little bounce seen since being set 0.6865 marks 50 Fib of 2009-2011 rally & monthly cloud base A break & close below emboldens bears, July 2010 then quickly in play RSIs mai…

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

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  • NZD/USD sets new marginal trend low overnight, little bounce seen since being set

  • 0.6865 marks 50 Fib of 2009-2011 rally & monthly cloud base

  • A break & close below emboldens bears, July 2010 then quickly in play

  • RSIs maintain bear bias with no divergence, aids threat to key support

  • May 2010 low the ultimate goal for long-term bears but some now eye sub-0.6200

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