• NZD/USD -0.1% Mon as Middle East instability weighs on risk sentiment

• Pair pushing implied lower hourly Bollinger band, likely oversold short term

• Major support zone near 0.5580 intact, clear break below would excite bears

• Futures pricing currently implies 59.5% chance of RBNZ hike on Oct 28

• Trump applying pressure in attempt to force Russia-Ukraine energy ceasefire

• Houthis Riyadh airport attack has Trump considering joining Saudi response

• Range NZ 0.5601-09, support 0.5581 0.5485, resistance 0.5995 0.6012
DXY Daily 55/100/200-DMA


NZD Hourly Bollinger Study

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