eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Oct 14 - 07:55 PM
–

NZD/USD - Steadies After Breaking Below Major Support

By James Connell  —  Oct 14 - 06:27 PM

• NZD/USD -0.7% from Wed 0.56305 high in aftermath of warm U.S. CPI release

• Stop-loss selling below key 0.5581 support saw NZD dip to 0.5566 overnight

• U.S. Sep CPI +0.6% m/m, +3.7% y/y (poll +0.6% & +3.6% respectively)

• Fed's Goolsbee worried about inflation report; DXY hits 102.94 18-month high

• Iran plots to keep oil prices high; Brent crude +0.4% to $106.11 a barrel

• RBNZ's Williams talking on monetary policy Thur, while Breman speaks Fri

• Futures pricing currently implies 74% chance of RBNZ hike on Oct 28

• Range NZ 0.5587-935, support 0.5485, resistance 0.5650 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Daily 21/55/100-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved